The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Today

Hi71° Sunny

Tonight

Lo46° Mostly Clear

Sunday

Hi72° Sunny

Sunday Night

Lo48° Mostly Clear

Monday

Hi77° Sunny

Monday Night

Lo51° Mostly Clear

Tuesday

Hi77° Mostly Sunny

Tuesday Night

Lo53° Mostly Cloudy

Wednesday

Hi68° Chance Showers

Wednesday Night

Lo50° Slight Chc Showers

Venezuela’s currency continues dramatic decline

Send to Kindle
Print This

CARACAS, Venezuela — Capital flight, political instability and misguided attempts to rein in double-digit inflation are being blamed for the weakening of Venezuela’s currency on the black market, where it has fallen more than 75 percent against the U.S. dollar since April.

The sharp drop in the value of the bolivar has occurred as economic problems grow more acute for President Nicolas Maduro, the late Hugo Chavez’s handpicked successor, and political divisions between Chavistas and the opposition become wider and more violent.

View my options or Sign in