Black market prices
for Venezuelan bolivar are now equivalent to 1 satoshi of a Bitcoin.
The «Petro» initial coin offering is a purposeful way
for the Venezuelan government to access international cash markets outside of the normal financial systems — currently embargoed courtesy of United States sanctions.
Zcash is now a popular tender
for Venezuelan cryptocurrency miners, who can end up in jail if they get caught.
The 25 - minute documentary outlines how this Caribbean island nation, tucked a few dozen miles from the South American coast and long a refining hub
for Venezuelan oil, is struggling to expand tourism but do so without degrading a prime asset drawing visitors — its coral reefs.
After divorce with her second husband Remedios travelled to Venezuela where she was doing technical drawing
for the Venezuelan Ministry of Public Health.
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Before coming to Europe, Gonzalez played
for Venezuelan side Caracas in the Primera División, where he helped the team win a League and Cup double in 2009 - 10.
82.4 million Petro are already available for purchase for fiat currencies and top cryptocurrencies, although not
for Venezuelan Bolivars.
The debt relief couldn't come at a better time
for Venezuelan President Nicolas Maduro.
Just five days» journey away by tanker and still the world's biggest importer, the U.S. is an obvious export market
for Venezuelan crude.
For Venezuelans, in the midst of an economic crisis that has included severe food shortages, the moment was ripe with grim symbolism.
«It's a really great opportunity
for Venezuelans in a desperate position,» said Andrea O'Sullivan, a cryptocurrency expert at George Mason University.
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A fake charity which requested donations
for Venezuelans during hardship has been busted using a fake image as proof that children had supposedly received food shipments exchanged for BTC.
The Zcash Foundation recently published a Spanish user guide specifically
for Venezuelans.
Amid the political and economic crisis, the cryptocurrency remains the last resort
for Venezuelans trying to rescue their savings from hyperinflation.
In any case, the historic agreement is welcome news
for Venezuelans, who have been facing severe shortages of food, medicine, and other basic necessities.
Not exact matches
They argue that possible sanctions on the
Venezuelan energy sector would harm the U.S. industry, and cause it to scramble
for heavy crude supplies from elsewhere, which would result in higher fuel prices
for consumers.
Despite these actions, there are more
Venezuelan officials who could be hit with sanctions, and the US is likely to go after them, according to Mark Feierstein, who was senior director
for Western Hemisphere affairs on President Barack Obama's National Security Council.
The PRI's somewhat sordid history, both recent and historical, of patronage and links to the criminal underworld makes it possible
for critics to raise uncomfortable questions about its fulmination against the
Venezuelan government.
At the time of his arrest in October 2012, it was reported that he was traveling between Uruguay, Ecuador, Venezuela, and Colombia and was posing as a
Venezuelan businessman in order apply
for a visa to live in Ecuador.
Venezuelan Sebin intelligence agents burst into the Petropiar joint venture's office in the coastal city of Puerto La Cruz on Monday and arrested the two
Venezuelan employees
for alleged wrongdoing, a half - dozen sources with knowledge of the detentions told Reuters.
Many
Venezuelans have reportedly resorted to scavenging
for food in the garbage, while the crisis has also led to shortages of everything from medicine to toilet paper.
Venezuelan president Nicolas Maduro is doubling down on his support
for the Petro, encouraging the country's banks to mine and use the recently - launched national cryptocurrency.
Venezuelan Sebin intelligence agents burst into the Petropiar joint venture's office in the coastal city of Puerto La Cruz on Monday and arrested the two
Venezuelan employees
for alleged wrongdoing.
During his 14 years in office, Chávez tightened his grip on PDVSA while simultaneously pursuing programs aimed at improving access to health, education and food
for poor
Venezuelans.
The bottlenecks are frustrating
for Canadian oil producers because heavy crude is in great demand from U.S. Gulf of Mexico refineries, which are designed to process it, and have faced shortages of
Venezuelan and Mexican heavy crude.
People waiting outside a bank in Caracas, Venezuela, last month to exchange the
Venezuelan bolívar
for a new local currency.
(Dash Force News) Donald Trump has issued an executive order to ban all cryptocurrencies issued «by,
for, or on behalf» of the
Venezuelan government...
Rampant food shortages that caused
Venezuelans to report losing an average of 11 kilograms (24 pounds) last year are particularly tough
for oil workers tasked with grueling physical work in often remote oil fields.
Both poor
Venezuelan retirees and wealthy business leaders are converting their bolivars into bitcoins online and then using the digital currency to pay
for everything from doctor appointments and honeymoons to motorcycles and artisanal beer.
Dollars remain the go - to currency
for many
Venezuelans seeking to get rid of bolivars, but getting ahold of them can be difficult and generally requires a black market broker.
For a while
Venezuelans and Colombians filled the void but there were just too many condos.
CARACAS / HOUSTON
Venezuelan authorities said on Thursday they were seeking an Interpol red alert
for ex-oil czar Rafael Ramirez on corruption charges, heightening tensions between the former political heavyweight and the country's socialist government.
The disintegration of the
Venezuelan economy has created a humanitarian crisis
for the people living there.
For example, Phillips 66» Sweeny Refinery in Old Ocean, Texas imported over 46 million barrels of
Venezuelan oil last year, the most out of any other refinery.
A more severe action reportedly under consideration would be a ban on
Venezuelan crude oil imports into the U.S., which would likely have far - reaching implications
for Venezuela, the U.S., and the oil market.
Rest of World net sales were $ 798 million, down 15.6 percent versus pro forma net sales
for the year - ago period, due to a negative 26.0 percentage point impact from currency, including a negative 17.0 percentage point impact from the devaluation of the
Venezuelan bolivar in June 2015.
The
Venezuelan economy has been broken
for a long time now, leading to a sharp decline in oil production.
It could be disastrous
for the average
Venezuelan citizen, as the already decrepit
Venezuelan economy would sink deeper into depression.
Meanwhile, Russia's Rosneft is reportedly looking to swap its stakes in the
Venezuelan - owned Citgo
for more secure stakes in
Venezuelan oil fields.
A ban on
Venezuelan oil would strain the market
for heavy crude in the U.S., which is already tightening because of declining imports of medium sour oil from Saudi Arabia.
A ban on
Venezuelan crude into the U.S. could be ruinous
for Citgo, so Rosneft wants to swap out its stake
for more operational control of joint ventures inside Venezuela.
The comments followed a meeting of Gulf Arab oil ministers in Doha, at which a
Venezuelan proposal
for an OPEC and non-OPEC summit was discussed.
Example: Venezuela Very recently we've seen this become a reality
for millions of
Venezuelans.
Oil prices finish higher as IMF move threatens
Venezuelan output Traders also weigh jump in U.S. crude supplies, risks to Iran dealAfter trading on a mixed note
for much of Wednesday's session, oil prices settled decidedly higher, as the International Monetary Fund's threat to expel Venezuela reignited market concerns over the struggling nation's crude production.