Friday, October 30, 2015

venezuelan economy

If you haven't heard, Venezuela is economy is tanking. Politics aside (both within Venezuela and internationally) the people of Venezuela are struggling. NPR wrote an article yesterday that shows just how this crisis is affecting the average person.

What the article doesn't talk about is that the Venezuelan government is running out of cash and has started selling it's gold reserves to pay off their debts. Which is devaluing their currency further. This means that the people of Venezuela may face even worse hardships in the future.

1 comment:

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