Category: Economy
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Financing tourism? The government’s false discourse without dollars to back it up
Once again, tourism is shown as an engine driven by the Maduro government, but it is surrounded by misinformation because in reality there is not enough gasoline for this sector to be boosted, since the national banks do not lend it anything.
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“Criminal dollar”: what Maduro says about the dollar increase and what is really happening
In the streets of Venezuela, the conversation is not dominated by the World Cup, but by the price of the dollar. A country that has just emerged from a process of hyperinflation looks anxiously at the behavior of the exchange rate. So far in December, the price of the dollar has risen more than 30%…
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Bank loans in Venezuela: is financing reviving or is it just another mirage?
While Maduro’s government generates a discourse that makes it seem that entrepreneurs in Venezuela will receive loans from the banks, the numbers of the sector show a completely different picture. Venezuela continues to have the highest legal reserve in the world, and a compressed financial system.