16+ Venezuela Currency Crisis Explained Images. Professor steve hanke, one of the world's leading experts on hyperinflation and former adviser to venezuela's former president rafael caldera, says. Hyperinflation in venezuela is the currency instability in venezuela that began in 2016 during the country's ongoing socioeconomic and political crisis.

Venezuela crisis: Petro cryptocurrency ‘making things ... from cdn.images.express.co.uk

This decision has been criticised by colombia, which has increasingly become a gateway for hundreds of thousands of venezuelans. The plummeting oil prices since 2014 is one of the main reasons why venezuela's currency has weakened sharply. Sputnik spoke with dr andrea oelsner, lecturer in politics at the university of san andrés, buenos aires.

Venezuelan residents are in the midst of an unusual political crisis.

Published mon, aug 20 20186:04 am. Venezuelan residents are in the midst of an unusual political crisis. Venezuela's descent into economic and political chaos in recent years is a cautionary tale of the dangerous influence that resource wealth can have on venezuela, home to the world's largest oil reserves, is a case study in the perils of petrostatehood. 02:10 the ft's gideon long on nicolás maduro's controversial move to devalue the venezuelan bolívar by 95% in an effort to curb hyperinflation.