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Venezuela takes 3 digits off currency amid hyperinflation crisis

Venezuela takes three digits off currency amid hyperinflation crisis. Venezuelans told on Friday they lacked confidence in President Nicolas Maduro’s decision to knock 3 digits off the country’s ailing bolivar currency amid soaring hyperinflation. The measure to divide the bolivar with 1,000 going to take influence from June 4, the …

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Oil Quality Issues can Bankrupt Venezuela

Oil Quality Issues can Bankrupt Venezuela. Venezuela’s state-owned oil Corporation PDVSA Information Systems announcly shipping crude oil by growing quality issues. Reuters announced which its oil shipments are “soiled by high standards of water, salt or metals which could cause crises for refineries”. It’s a troubling situation for an oil Corporation …

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