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Added on the 03/11/2015 16:40:55 - Copyright : Zoomin EN
Caracas, Mar 22 (EFE) .- (Camera: Iván Cárdenas) In an attempt to provide an institutional basis for the increasingly frequent use of the dollar as payment currency in Venezuela, the Government of Nicolás Maduro authorized, with specific conditions, the opening of accounts in the US currency in several local banks, after years of rejecting the measure.FOOTAGE OF THE CENTRAL BANK OF VENEZUELA.
Caracas, Mar 5 (EFE), (Camera: Jackdwin Saenz).- Germán Peña’s fast food stall is one of the thousands of small businesses operating in Venezuela’s informal economy. Three months ago he landed on a new business model to drum up custom, which was to hawk hot dogs at $1 each. On a good day, Peña might sell 100 hot dogs and therefore take in $100, some $30 of which is profit. Unlicensed businesses have seen a boom in Venezuela thanks to the volatile cocktail of socio-economic crises, the Covid-19 pandemic and a lack of credit thanks to a hyper-inflated local currency.FOOTAGE OF BUSINESSES THAT SELL PRODUCTS FOR ONE DOLLAR.
Caracas (Venezuela), Jan 22 (EFE), (Camera: Iván Cárdenas).- "I buy, buy, buy," announced informal vendors in Caracas, where the US dollar has become the most demanded 'product' in Venezuela.The value of a dollar is currently almost 10,000 Venezuelan bolivars.FOOTAGE OF INFORMAL VENDORS IN CARACAS.
Caracas, Nov 24 (EFECOM) .- (CAMERA: Jackdwin Sáez) The price of the dollar in the parallel market of Venezuela surpassed one million bolivars Tuesday, after several days of rising prices in the country while the national currency has devalued more than 50% so far in November.
Caracas, Jul 31 (EFE) .- The unstoppable inflation experienced by Venezuela has forced President Nicola Maduro to surrender, after years of rejecting the US dollar.(CAMERA: Andry Rincón)
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