Venezuela; United Statates

Venezuela's President Nicolas Maduro speaks during the event launching the new Venezuelan cryptocurrency Petro in Caracas.

Venezuela hopes new cryptocurrency is a ‘silver bullet’ for economic woes

February 23, 2018Economics

President Nicolás Maduro hopes it will help fix the country’s dire financial situation by sidestepping US sanctions and providing an alternative to cash, which is nearly worthless in Venezuela due to the soaring inflation rate.

Anti-government protesters shout during a protest against Nicolas Maduro's government in Caracas March 3, 2014.

One year after Hugo Chavez, his successor and Venezuela are struggling

March 4, 2014Global Politics