price control – Summaries of news and views OnVenezuela https://onvenezuela.com Sat, 25 Apr 2020 14:11:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://onvenezuela.com/wp-content/uploads/2020/01/cropped-Screen-Shot-2019-12-20-at-12.31.03-PM-1-32x32.png price control – Summaries of news and views OnVenezuela https://onvenezuela.com 32 32 Venezuela Announces New Price Controls as Food Shortage Worsens https://onvenezuela.com/venezuela-announces-new-price-controls-as-food-shortage-worsens/?utm_source=rss&utm_medium=rss&utm_campaign=venezuela-announces-new-price-controls-as-food-shortage-worsens Sat, 25 Apr 2020 14:11:10 +0000 https://onvenezuela.com/?p=2882

Vice President Delcy Rodriguez said the government would also assume supervision of Empresas Polar, the national food giant and Venezuela’s largest privately held company headed by Lorenzo Mendoza. Ham-maker Plumrose Latinoamerica will also be supervised. By Patricia Laya and Alex Vasquez. Full text -> Bloomberg

]]>
Venezuela’s Maduro warns of new price controls as inflation spikes https://onvenezuela.com/venezuelas-maduro-warns-of-new-price-controls-as-inflation-spikes/?utm_source=rss&utm_medium=rss&utm_campaign=venezuelas-maduro-warns-of-new-price-controls-as-inflation-spikes Thu, 23 Apr 2020 11:32:57 +0000 https://onvenezuela.com/?p=2836

Venezuelan President Nicolas Maduro warned on Wednesday that strict price controls on basic goods could return, as the coronavirus outbreak and an acute gasoline shortage prompt inflation to accelerate. Full text -> Reuters

]]>
Venezuelan Petro Cryptocurrency is a ‘Scam’, Say Local Merchants https://onvenezuela.com/venezuelan-petro-cryptocurrency-is-a-scam-say-local-merchants/?utm_source=rss&utm_medium=rss&utm_campaign=venezuelan-petro-cryptocurrency-is-a-scam-say-local-merchants Tue, 04 Feb 2020 05:25:00 +0000 http://onvenezuela.com/?p=1055

Retail merchants in Venezuela are refusing to accept Petro payments as hyperinflation is causing massive devaluation upon liquidation of the crypto at the banks. By Osato Avan-Nomayo. Full text -> Bitcoinist

]]>