Reported 25 days ago
Venezuela's currency, the bolivar, has plunged to record lows as the Trump administration's new 25% tariffs on oil purchases threaten the country's dwindling economy. With major buyers such as India's Reliance Industries halting shipments and banks struggling to maintain dollar supply, Venezuelans are flocking to the black market for US dollars, causing inflation fears and potential economic contraction. Experts warn of a worsening situation unless the government relaxes foreign currency regulations.
Source: YAHOO