"Prices continue to climb, and the country's annualized inflation, the highest in the world, averages 600%. The bolivar has lost nearly 20% of its value against the dollar this year."
"The additional revenue the national treasury receives after the U.S. military attack has not been enough to close the gap between the official and black market exchange rates."
"We are demanding a basic human right, a constitutional obligation of the government: the general improvement of the population's living conditions, says Gregorio Alfonso."
"I've never seen anything like this in all my time in Venezuela, states Jose Abreu, highlighting the rapid loss of value in the bolivar affecting business operations."
Venezuela's economy continues to decline, marked by an annual inflation rate of 600%, the highest globally. The bolivar has lost nearly 20% of its value against the dollar this year, with a devaluation exceeding 9,000% since 2022. Despite increased revenue from eased sanctions and oil extraction licenses, the fiscal deficit remains at 9% of GDP. Protests are escalating due to economic hardship and social inequalities, with citizens demanding improvements in living conditions, wages, and labor rights amidst government resistance to demonstrations.
Read at english.elpais.com
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