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Category: Society

Category: Politics

Category: Finances

Category: Politics

Category: Politics

Category: Finances

Date: 4 weeks ago   Category: Finances

"Maduro hopes to confuse all". Venezuela is paralyzed by transition to new currency

After denomination of national currency and introduction into circulation of new banknotes work was suspended by thousands of the companies. The sovereign bolivar will be tied to Photo Petro cryptocurrency: EPA\TASS of the Power of Venezuela which is in conditions of a serious economic crisis devaluated bolivar for 95%, having tied him to national cryptocurrency of Petro. Reports about it VVS.PO to data of the edition, denomination of "strong bolivar" and transition to "sovereign bolivar" has led to suspension of work of thousands of companies in Caracas and other cities. Denomination has begun on Monday, August 21, the president of Venezuela Nicolás Maduro declared this day bank vacation. Actually, it is the devaluation disguised under denomination, the head of the Andean Capital Advisors company Daniel Osorio has said on air of CNBC: Daniel Osorio the head of the Andean Capital Advisors company "A situation is worse, than it seems, and it seems that she is already quite bad. Maduro hopes to confuse all, from currency cut off five zero. The new currency will be tied to the cost of notorious national cryptocurrency of Petro which was tried to be introduced into circulation, but which has no international support and which is considered a fake. Petro price, in turn, is tied to the market value of the Venezuelan oil. If you have got confused, then everything is correct, and Maduro tried to achieve it. They carry out large-scale devaluation of currency, deprive the middle class of all savings, are going to increase allegedly the minimum wage by September by 30 times, the government promises to support the enterprises the first three months. It is impossible. If you believe that it will occur, you are naive. As one very dear Colombian general has told me, "I have no doubts at all that Maduro will fall within half a year, but I say it five years". Last year across Venezuela there has passed the wave of multimillion protest actions. The opposition claimed that 85% of citizens of the country have taken part in demonstrations. In clashes with the police dozens of people have died, hundreds have been arrested. Maduro has been re-elected on the president's post in May of this year. To add to your sources of news?



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