Posts tagged foreign currencies
Venezuela’s Economic Recovery: Why Are the Poor Becoming Poorer?
Venezuela’s Economic Recovery: Why Are the Poor Becoming Poorer?

Venezuela's economy shows signs of recovery, driven by increased oil production. Still, the poor are left behind as the wealth gap grows, and access to foreign currencies remains limited for the majority of the population. The country's infrastructure for the rich expands while impoverished households suffer from food insecurity, water shortages, and lack of basic services.

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AmericasBy Megha PolavarapuVenezuela, economic crisis, bolivar, hyperinflation, foreign currencies, Maduro regime, Hugo Chavez, US dollars, oil production, Ukraine war, economic growth, poverty, wealth gap, informal jobs, income inequality, 1990s recession, Nicolas Maduro, shortages, food insecurity, water shortages, power outages, underfunded education, customs-to-your-table policy, Latin America, malnutrition