Page-2 of Topic: Venezuela
Venezuela, Libya Lose UNGA Vote for third time in 3 Years
Venezuela and Libya were suspended from voting in United Nations General Assembly (UNGA) in 2018-19 session for not paying dues to 193-member world body. It was for third...Venezuela launches new virtual currency “Petro”
Venezuelan President Nicolas Maduro launched a crypto-currency “Petro” to advance issues of monetary sovereignty, make financial transactions and overcome the financial blockade. Beside this, Petro will also circumvent...
Petro: Venezuela launches new virtual currency
Venezuela has launched its own cryptocurrency called Petro to circumvent US-led financial sanctions. It will be backed by the country’s vast natural resource reserves. In this regard, Venezuelan...
Venezuela orders 100-unit banknotes out of circulation
Venezuela’s President Nicolas Maduro has signed an emergency decree ordering the 100 bolivar bill, the country’s largest banknote, out of circulation in the next 72 hours. This move...
Mercosur revokes membership of Venezuela
The South American economic bloc Mercosur has suspended Venezuela from it for violating the bloc’s democratic principles and failing to meet its basic standards. The membership was revoked...