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Venezuelans Struggle with Currency Crisis Amid Political Turmoil

KVIA•Tuesday, January 13, 2026 at 9:51 PM•CNN Newsource

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Venezuelans are facing severe economic hardships as the bolívar continues to lose value against the dollar, exacerbated by political instability following the capture of President Maduro. The official exchange rate has reached approximately 338 bolívares per dollar, while the parallel market rate is even higher, creating a significant disparity. With inflation surpassing three digits, many citizens, like Ana Calderón, struggle to afford basic necessities, with prices skyrocketing for essentials. The minimum wage remains insufficient, leaving millions in poverty. Experts warn that the ongoing economic and political crises are deepening inequality and complicating investment efforts from the U.S. government.

Key Details: • Official exchange rate: 338 bolívares per dollar; parallel market rate significantly higher. • Inflation exceeds three digits; expected to rise further by 2026. • Minimum wage: 130 bolívares/month, equivalent to about 40 cents. • Prices for basic goods have doubled in recent weeks, affecting daily survival. • U.S. investment efforts face skepticism due to lack of legal guarantees.

economy politics venezuela inflation bolivar

People & Organizations

Donald TrumpVenezuelaCaracasFondo Monetario InternacionalDelcy RodríguezAna CalderónJosé Manuel PuenteRenato CamposAsdrúbal OliverosBanco Central de VenezuelaIESAGHTrading

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