Asdrubal Oliveros

US dollars are now commonly used by businesses in Venezuela. The informal adoption of the dollar has helped to decrease inflation and product shortages.

Venezuela’s public sector workers take on multiple side jobs just to get by

February 15, 2024Economics

To supplement their meager wages, many government workers in Venezuela are turning to side hustles that include driving taxis, baking cakes, selling clothes or taking care of pets. And that’s having an impact on the quality of public services.

William Rivas drives his own Chevy Malibu as cab. Gas prices are so low in Venezuela that it costs him less than $1 to fill up the tank.

Venezuela’s 4 cents a gallon gas is set for a major hike

February 12, 2015Economics