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RSS FeedsVenezuelans jittery ahead of sudden economic reforms
(WorldNews Business)

 
 

19 august 2018 21:40:22

 
Venezuelans jittery ahead of sudden economic reforms
(WorldNews Business)
 


CARACAS, VENEZUELA — Residents across Venezuela`s capital spent a nervous weekend bracing for dramatic measures that President Nicolas Maduro has announced to rescue a downward-spiraling economy, including a more-than-3,000 percent hike in the minimum wage. The changes start to kick in Monday with the introduction of a new currency that lops five zeros off the country`s fast-depreciating bills. Maduro says he`ll also raise gasoline prices to international levels — a combination of measures critics say will only make things worse. Opposition leaders seized on tension among residents, calling for a nationwide strike and protest Tuesday. They hope to draw masses into the...


 
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