Ernesto, a gastronomic entrepreneur in Cumaná, a coastal Venezuelan city facing the Caribbean Sea, initially thought that Venezuela’s new digital bolivar — English translation of “bolivar ...

In total, Venezuela plans to issue 100 million digital tokens, ... sale of the petro will only be in dollars — a sign of how much Venezuela’s own currency, the bolivar, ...

Venezuelan President Nicolas Maduro is pressing banks to implement digital payment systems as hyperinflation prompts chronic shortages of cash in the bolivar currency, three people familiar with ...

Digital currency in the online role-playing game “World of Warcraft” is now worth more than the free-falling Venezuelan bolivar. According to websites that track the value of each currency ...

Because of the hyperinflation process, as of next October the Venezuelan currency, Bolivar, will lose six zeroes, the central bank announced on Thursday, This is the third time in thirteen years ...

Venezuela faces economic turmoil as its currency crashes. President Nicolas Maduro's government is arresting economists and ...

The cryptocurrency exchange El Dorado — often used as a benchmark for Monitor Dólar — also shut down operations in Venezuela ...

A banner depicting Venezuela's currency, the bolivar, at the central bank of Venezuela in Caracas in January. The bolivar has lost the vast majority of its value in just the last year.

Venezuelan President Nicolás Maduro first announced plans for the petro in December 2017. It is intended to serve as an alternative to Venezuela’s troubled hard currency, the bolivar, which has become ...

Venezuela’s inflation crisis worsened in March 2025, with consumer prices surging 13.1% in a single month, according to the Venezuelan Finance Observatory, an independent monitoring group.