In fact, given the economy’s high dependence on oil revenue, some kind of recovery is all but certain. U.S. President Donald Trump has allowed Venezuela to begin selling its oil in global markets. As ...

Venezuela's collapse was its fate as a petrostate, with overvalued currency stunting the private sector, and oil volatility undermining the public sector.

Venezuela is an oil-rich country on the South American continent. Last week, the US carried out a military operation in Caracas, the capital of Venezuela, and apprehended President Nicolás Maduro and ...

Venezuela’s interim government is selling more dollars through private banks as part of an ongoing effort to keep the currency stable amid political uncertainty.

Venezuelas money, the bolivar, is sinking faster and faster under an intensifying political and economic crisis that has left citizens destitute and increasingly desperate. On Thursday alone, the ...

Figures show Venezuela’s public debt sits at roughly 180 percent of its GDP as the country struggles with tumult.

Venezuelan leaders face an unprecedented economic crisis, and their currency is almost worthless. So they created a new one. Venezuela’s government on Tuesday launched the world’s first sovereign ...

Over the weekend, U.S. special forces executed a daring raid on Caracas, capturing the now-former dictator of the country, Nicolás Maduro, and his wife, subsequently taking them to New York, where ...

The capture of Venezuela’s Nicolás Maduro has drawn a range of reactions from around the world. But experts say the country’s future is uncertain. Venezuela’s interim president, Delcy Rodríguez, walks ...