Venezuela has officially launched what its President Nicolas Maduro claims is a first state-backed oil-backed cryptocurrency, El Petro.
Venezuela
Venezuela has officially launched what its President Nicolas Maduro claims is a first state-backed oil-backed cryptocurrency, El Petro.
The National's Adrienne Arsenault is at the Venezuela-Colombia border to see how police are trying to protect vulnerable Venezuelans from smugglers and stem the flow of illegal trade. 5:47
Addressing the nation on television, Venezuela's Interior Minister and the Commander-General of the National Guard, Nestor Reverol, noted that so far there weren't any reports of victims.
Venezuela came to a standstill on Tuesday as the country tried to deal with its newly introduced currency.
Brazil's President Michel Temer called an emergency meeting of key ministers Sunday after ordering troops to the border with Venezuela as regional tensions build over the exodus from its crisis-hit neighbor.
Venezuelan authorities say they have arrested 14 more people in connection with an alleged attempt to assassinate President Nicolas Maduro.
AMID the financial and humanitarian crisis in Venezuela, the country expects to see hyperinflation reach one million per cent.
VENEZUELAN authorities have arrested six people suspected in Saturday’s failed attack on President Nicolas Maduro with two explosives-laden drones.
Venezuelan President Nicolas Maduro, speaking shortly after an attempted attack during his Saturday public address, has said some of the perpetrators have already been captured.
Inflation in Venezuela could top 1 million percent by year's end as the country's historic crisis deepens, the International Monetary Fund said Monday.
The top US diplomat in Caracas, Venezuela and his deputy have been ordered to leave the country after allegedly conspiring against the government, President Nicolas Maduro announced.
The EU said Tuesday it will consider imposing new sanctions on Venezuela after Nicolas Maduro's re-election was marred by "irregularities" and failed to meet international standards.
The election "without any doubt lacks legitimacy and we categorically refuse to recognize this process," Falcon told supporters before the results were announced.
Venezuela's oil production dropped by nearly 13 percent
Venezuelan President Nicolás Maduro has proposed holding a "mega-election" after the opposition coalition said it would boycott a planned presidential poll in April.
The pre-sale of the commodity-backed digital currency ‘petro,’ which has been announced by Venezuelan President Nicolas Maduro, is expected to start on Tuesday. The country hopes this will help to replenish its depleted budget.
Two police officers and several "terrorists" have been killed in an operation to capture a helicopter pilot accused of leading an armed rebellion in Venezuela last year, officials say.
IT HAS loads of oil and should be one of the richest countries on the planet, but most of its people only make $7 an hour.
Most have just arrived in Lima with not much more than the clothes on their back and are here applying for a certificate to show they have no criminal record, a requirement for a work permit in Peru.