Venezuelan government devalued its bolivar currency for the second time ... Economists had forecast a devaluation given the perilous state of the country's finances despite global oil prices ...

Unofficial reports in Venezuela speak of an increase of around 33% in mass-consumption products after the US dollar went up against the local Bolivar and local consumers increasingly prefer black ...

Venezuela is at a crossroads, with inflation, currency devaluation, and economic mismanagement threatening to tear apart the fabric of society. As policymakers navigate these challenging times ...