Venezuela, Post-Chavez

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Re: Venezuela, Post-Chavez

Post by RTH10260 » Sat Dec 17, 2016 10:49 pm

Addie wrote:Reuters
Venezuela postpones currency move after chaos, protests

Venezuelan President Nicolas Maduro suspended on Saturday the elimination of the country's largest denomination bill, which had sparked cash shortages and nationwide unrest, saying the measure would be postponed until early January.

The surprise pulling of the 100 bolivar note from circulation this week - before new larger bills were available - led to vast lines at banks, looting at scores of shops, anti-government protests and at least one death.

Maduro, speaking from the presidential palace, blamed a "sabotage" campaign by enemies abroad for the delayed arrival of three planes carrying the new 500, 2,000 and 20,000 bolivar notes. ...

The 100 bolivar bills, officially out of use since Thursday and worth just 4 U.S. cents at the black market currency rate, can now be used until Jan. 2, Maduro said.
Deep in my guts I have this feeling, that Venezuela had a problem paying for the printing of the new notes and the air freight, like Trump orders, preferably in advance in hard currency. :silenced: :nope:

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Notorial Dissent
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Re: Venezuela, Post-Chavez

Post by Notorial Dissent » Sun Dec 18, 2016 3:30 pm

When your biggest bill is worth maybe 4 U S cents, printing new bigger ones isn't going to do you much good, other than maybe to cut down on the size of the bushel basket you need to haul your spending money around in, providing you can get anyone to take, which I gather is another big problem, nothing much to spend it on. Sounds all too reminiscent of Germany post WW I, and we all know how well that ended.
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Re: Venezuela, Post-Chavez

Post by ZekeB » Sun Dec 18, 2016 3:34 pm

Perhaps there are still a few exiles from Old Germany showing them how it's done.
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Re: Venezuela, Post-Chavez

Post by SueDB » Sun Dec 18, 2016 4:55 pm

Mebbe they just wanted to bring in all those 100 Bol. bills so they can over stamp them with as 1000 or 10000 B. bills. It worked for Germany ...for about 2 days...

It is cheaper than having to print brand spanking new bills that are going to go from worthless to completely worthless in a week.

For some reason the term "Reichmarks" comes to mind.
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Re: Venezuela, Post-Chavez

Post by Estiveo » Sun Dec 18, 2016 5:06 pm

We should start investing now and add Bolivars to our collections of Zim and Dong.
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Re: Venezuela, Post-Chavez

Post by SueDB » Sun Dec 18, 2016 6:07 pm

And the Colombians are just hoping like heck that the Venezuelan Flu won't cross the border.

They have their own problems to solve. :roll:
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Re: Venezuela, Post-Chavez

Post by Addie » Mon Dec 19, 2016 8:51 am

Reuters
Hundreds arrested in Venezuela cash chaos, vigilantes protect shops

Security forces have arrested more than 300 people during protests and lootings over the elimination of Venezuela's largest currency bill, President Nicolas Maduro said on Sunday.

The socialist leader pulled the 100 bolivar note this week before new bills were in circulation, creating a national cash shortage on top of the brutal economic crisis overshadowing Venezuelans' Christmas and New Year holidays.

After two days of unrest over the measure - including one death and dozens of shops ransacked - Maduro on Saturday postponed the measure until Jan. 2. ...

The detainees include leaders and members of the opposition Popular Will and Justice First parties, Maduro said on state TV, accusing them of following U.S. instructions to incite chaos.

"Don't come and tell me they are political prisoners ... They are the two parties of the 'gringos' in Venezuela," he added, accusing President Barack Obama of wanting to engineer a coup against socialism in Venezuela before leaving office.
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Re: Venezuela, Post-Chavez

Post by Addie » Sat Dec 31, 2016 2:51 pm

Associated Press
Venezuela frees jailed activists, ex-presidential candidate

CARACAS, Venezuela (AP) — Venezuela’s government has freed a former presidential candidate and several student activists who were jailed during anti-government protests in 2014.

Former opposition candidate Manuel Rosales was imprisoned in October 2015 on charges of illicit enrichment upon returning to Venezuela after six years of exile in Peru. A former governor of Zulia state who ran for president in 2006, he was released before dawn Saturday along with five other activists who opposition groups consider to be political prisoners.

The releases come as a two-month-old, Vatican-mediated attempt at dialogue to ease tensions stemming from the country’s deep economic and political crisis hangs by a thread over the failure by unpopular President Nicolas Maduro to cede ground to opponents seeking his removal.

But with many in the opposition pushing for a new round of street protests, the Democratic Unity alliance has said it won’t participate in the next scheduled meeting on Jan. 13 unless the government meets its demands. Those include releasing more than 100 people it considers to be political prisoners and naming a new board to the government-controlled electoral council.
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Re: Venezuela, Post-Chavez

Post by Addie » Tue Jan 03, 2017 10:16 am

WaPo
Venezuelan Jews are moving to Israel to escape deepening poverty ...

Tens of thousands have left the country, including a growing number of Venezuelan Jews who have relocated to Israel.

The process is not easy because Israel and Venezuela do not have diplomatic ties. In 2009, following Israel’s war with Hamas in Gaza, then-President Hugo Chávez expelled the Israeli ambassador and his staff from Caracas. He aligned himself with the Palestinians, recognizing their right to statehood later that year, and developed relations with Iran, Israel’s nemesis.

Official Israeli government figures show that 111 Venezuelan Jews made “aliyah,” the Hebrew term for immigration meaning “ascending,” to Israel in 2015, more than double the number who arrived in 2012.

And although final figures for 2016 are not in, the International Fellowship of Christians and Jews, a charity that works to bring Jews from distressed places to Israel, said it had helped about 90 people immigrate.

Between 6,000 and 9,000 Jews remain in the country of 30 million.
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Re: Venezuela, Post-Chavez

Post by Addie » Fri Jan 13, 2017 12:45 pm

Associated Press
Venezuela arrests opposition lawmaker and critical general

CARACAS, Venezuela — Venezuelan officials jailed a second opposition figure Thursday as tensions mounted in the economically struggling South American country.

Officials re-arrested former Gen. Raul Baduel, saying he had been conspiring to overthrow the government. Baduel was once a high-ranking member of the administration of late President Hugo Chavez, but later became critical of the socialist party. Baduel was freed from prison in 2015 after serving six years on corruption charges.

On Wednesday, officials arrested substitute lawmaker Gilber Caro from a hardline opposition party on weapons charges.

The arrests come as a fledgling “anti-coup” unit inside the government targets what it calls renewed opposition attempts to destabilize the country. ...

On Thursday, the opposition coalition rejected a ruling by the Supreme Court overturning congress’ declaration that President Nicolas Maduro had abandoned his post. The opposition-controlled congress approved the symbolic resolution at the start of the week, saying Maduro is neglecting his duties as the country spirals into a deep depression.
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Notorial Dissent
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Re: Venezuela, Post-Chavez

Post by Notorial Dissent » Fri Jan 13, 2017 6:42 pm

I'm still trying to figure out how you'd destabilize a country that isn't even well remotely stable to begin with, and is in fact falling apart faster than the ice shelf.
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Re: Venezuela, Post-Chavez

Post by Addie » Thu Mar 23, 2017 8:06 pm

Colombia Reports
Venezuela army troops set up camp in Colombia

Some 60 members of Venezuela’s armed forces have set up camp across the border with Colombia, the latter’s Foreign Ministry confirmed on Wednesday.

According to both the ministry and locals from the northwestern Arauca province, between 50 and 100 Venezuelan soldiers set up a camp on the wrong side of the border between Sunday and Monday.

Following controversy, the soldiers have begun withdrawing into Venezuelan territory, reported news magazine Semana on Thursday.

Nevertheless, Foreign Minister Maria Angela Holguin called Caracas to demand explanations for the second violation of Colombia’s sovereignty this year. ...

One local told El Tiempo that “since Sunday, the Venezuelan government invaded a number of islands on Colombian territory … and are stationed there.”

The Venezuelan government has yet to publicly respond to the accusations of this year’s second illegal incursion.
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Re: Venezuela, Post-Chavez

Post by Addie » Thu Mar 30, 2017 5:06 pm

Reuters
Venezuela's Maduro decried as 'dictator' after Congress annulled

Opposition leaders branded Venezuela's socialist President Nicolas Maduro a "dictator" on Thursday after the Supreme Court took over the functions of Congress and pushed a lengthy political standoff to new heights.

There was swift international condemnation of the de facto annulment of the National Assembly, where the opposition won a majority in late 2015 amid an unprecedented economic crisis that has seen Maduro's popularity plummet.

The head of the 34-nation Organization of International States (OAS), Luis Almagro, said the Venezuelan court had dealt the final blows to democracy in the country and accused Maduro's "regime" of carrying out a "coup."

Brazil, Argentina, Mexico, Colombia and Chile expressed strong concerns while Peru withdrew its envoy after what it termed a rupture of democracy in the OPEC nation of 30 million people.

Venezuela's top court had already overturned most National Assembly decisions since the opposition win. Then late on Wednesday, it explicitly stated it was assuming Congress' role in a ruling authorizing Maduro to create oil joint ventures without the previously mandated congressional approval.
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Re: Venezuela, Post-Chavez

Post by TollandRCR » Thu Mar 30, 2017 5:37 pm

I am surprised to see Reuters make this mistake:
The head of the 34-nation Organization of International States (OAS), Luis Almagro,

Almagro is head of the Organization of American States.

I have no idea what an "international state" might be.
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Re: Venezuela, Post-Chavez

Post by Addie » Sat Apr 01, 2017 11:20 am

BBC News
Venezuelan court backtracks on powers bid

The Venezuelan supreme court has reversed its ruling to strip congress of legislative powers.

It made the decision after the government of President Nicolas Maduro urged it to review the ruling "to maintain institutional stability".

The initial decision - announced on Wednesday - had been denounced as a "coup" by the opposition, which dominates the National Assembly.

Anti-government protesters have staged daily protests against the move.
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Re: Venezuela, Post-Chavez

Post by Addie » Tue Apr 11, 2017 3:18 pm

NBC News
Venezuela Protests: Hospital Tear-Gassed, Chaos Ensues as Protests Intensify

Venezuela was roiled by a fifth straight day of protests Monday as opposition demonstrators and government security forces clashed in the capital of Caracas and other cities.

The violence in the streets seemed to intensify. Video showed tear gas canisters thrown from helicopters to deter protesters and even a hospital was tear-gassed. ...

Daniel Beleli, a doctor who works at the hospital, can be seen bringing one tear gas canister up to the camera in one video. He says critically ill patients were inside the operating rooms when the gassing began and staff had to turn the air conditioners off to keep them from inhaling it. ...

A one-month-old baby had to be taken from the hospital and treated for asphyxiation, as reported by opposition figure Henrique Capriles.
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Re: Venezuela, Post-Chavez

Post by Addie » Wed Apr 12, 2017 3:48 pm

Associated Press
Venezuela president heckled as protests spread to slums

CARACAS, Venezuela — Scattered protests flared Wednesday in slums that have long been a bulwark of support for Venezuela’s socialist leaders only hours after a pro-government rally degenerated into heckling of President Nicolas Maduro.

Maduro was attending a rally in the poor eastern state of Bolivar Tuesday night when a crowd turned on him. The official broadcast of the event cut out, but videos circulating on social media show people throwing objects at the president’s vehicle and shouting “damn you!” A witness said people threw stones, bottles and cold water at the president, whose approval ratings have dipped below 20 percent as the country’s economy has plummeted.

Later that night, hundreds of young men burned trash and clashed with police in scattered protests around the economically flailing country. The unrest notably included slums outside of Caracas and other cities that had long shunned any part in the near-daily protests that have embroiled middle class neighborhoods. ...

Congressman Daniel Antequera said that a 14-year-old boy was killed in protests Tuesday night in city of Barquisimeto, apparently shot by government supporters. The boy is the third protester killed in recent days. Officials said Wednesday they were charging two police with killing a 20-year-old college student earlier in the week.
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Re: Venezuela, Post-Chavez

Post by Addie » Fri Apr 14, 2017 11:16 am

Associated Press
Venezuela: 5 Dead as Anti-Government Protests Intensify

Thousands of Venezuelans took to the streets in wealthy eastern Caracas amid a tropical downpour Thursday to support a protest movement that is gaining steam even as it turns more deadly.

Venezuela officials confirmed earlier in the day that a fifth person had died in the wave of anti-government protests now entering its third week. ...

While demonstrations are often held in middle-class neighborhoods, this most recent wave of unrest for the first time has sparked protests in the slums that have historically been bastions of support for the socialist revolution launched nearly two decades ago by late President Hugo Chavez.

Eurasia Group analyst Risa Grais-Targow said this month's protests look more dangerous for the government than similar efforts the opposition has mounted in past years.

"Ongoing opposition protests are generating strong turnouts and spilling over into typical Chavista strongholds, suggesting that social dynamics may be drawing closer to a tipping point," she said.
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Re: Venezuela, Post-Chavez

Post by Addie » Wed Apr 19, 2017 2:30 pm

Reuters
Venezuelan opposition marches against Maduro; student killed

(Reuters) - Venezuelan security forces fired tear gas as demonstrators staged what they billed as the "mother of all marches" against President Nicolas Maduro on Wednesday, and a student caught up in a clash died after being shot in the head.

Opposition supporters protested in Caracas and other cities, denouncing Maduro for eroding democracy and plunging the economy into chaos. Crowds swelled to hundreds of thousands, including Maduro supporters who held a counter-demonstration in the capital at the urging of the president.

The dueling marches drew parallels to the clashes between pro and anti-government protesters in 2002 that triggered a brief coup against late president Hugo Chavez.

Carlos Moreno, 18, a student, was on his way to play soccer in Caracas and did not plan to take part in the demonstration when government supporters approached an opposition gathering and fired shots, according to witnesses and a family member. Moreno was shot in the head, they said.
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Re: Venezuela, Post-Chavez

Post by Addie » Wed Apr 19, 2017 7:32 pm

Associated Press
Cash-strapped Venezuela a major funder of Trump inauguration

CARACAS, Venezuela (AP) — President Nicolas Maduro may be struggling to feed Venezuela but his socialist administration still managed to make a $500,000 donation to Donald Trump's inauguration, records released Wednesday show.

Inaugural committee records filed with the Federal Election Commission show Citgo Petroleum, a U.S. affiliate of Venezuela's state oil company PDVSA, was one of the biggest corporate donors to events surrounding the swearing-in ceremony.

The donation topped that of some U.S. corporate giants including Pepsi ($250,000), Walmart ($150,000) and Verizon ($100,000) and was on par with the likes of JP Morgan Chase and Exxon, which each donated $500,000. It came in under Bank of America's $1 million contribution.

Even while accusing the U.S. of trying to overthrow him, Maduro has been careful not to antagonize the new U.S. president. But the Trump administration has recently stepped up criticism of Venezuela's government. In February, Trump met with the wife of a jailed opposition leader at the White House and on Tuesday the U.S. State Department issued a statement decrying violence against protesters.

"Those responsible for the criminal repression of peaceful democratic activity ... will be held individually accountable for their actions by the Venezuelan people and their institutions, as well as the international community," the statement read.
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Re: Venezuela, Post-Chavez

Post by Addie » Thu Apr 20, 2017 1:17 pm

WaPo
Venezuela seizes a General Motors plant amid anti-government protests

Venezuelan authorities seized a General Motors plant Wednesday, an unexpected move that appeared aimed at provoking U.S. authorities and distracting attention from intensifying protests against President Nicolás Maduro.

The plant takeover happened on the same day that huge crowds of demonstrators marched against Maduro’s government, calling for new elections and a return to democratic rule.

GM called the expropriation of its plant “an illegal judicial seizure of its assets” and vowed legal action to defend itself. The company is not the first foreign firm whose assets have been confiscated by Venezuelan authorities, but those actions have typically been preceded by repeated public threats from the socialist government.

The Venezuelan government has offered no explanation for its seizure of the GM plant, and the timing of the move suggests Maduro may be looking to escalate his confrontation with the United States to try to move attention away from the intensifying protests against him.
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Re: Venezuela, Post-Chavez

Post by Addie » Fri Apr 21, 2017 10:41 am

Reuters
Death toll in Venezuelan protests reaches nine

A man was killed in a protest in the Venezuelan capital on Thursday night, an official said on Friday, marking the ninth death in a wave of sometimes violent demonstrations against President Nicolas Maduro's government.

Melvin Guaitan died of a bullet wound in the slum of Petare, municipal mayor Carlos Ocariz said via Twitter. Local media reported looting and street clashes with security forces in poor areas of Caracas late on Thursday and early Friday.

"We demand that those responsible for this incident are investigated and punished," wrote Ocariz, without providing additional details.

Opposition leaders have promised to keep up their protests, demanding that Maduro's government call regional elections that have been delayed since last year, free almost 100 jailed opposition activists and respect the autonomy of the opposition-led Congress.

They are calling for community-level protests across the country on Friday, a white-clad "silent" march in Caracas on Saturday to commemorate those killed in the unrest, and a nationwide "sit-in" blocking Venezuela's main roads on Monday.
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Re: Venezuela, Post-Chavez

Post by Addie » Fri Apr 21, 2017 2:00 pm

Reuters
Eight electrocuted in Caracas looting amid Venezuela protests: firefighter

Eight people were electrocuted to death during a looting incident in Caracas, a firefighter said on Friday, amid violent protests against Venezuelan President Nicolas Maduro by opponents accusing him of seeking to create a dictatorship.

The accident occurred when a group of looters broke into a bakery in the working class neighborhood of El Valle, according the firefighter, who asked not be identified. It was not immediately possible to confirm details of the incident with hospital or other officials.

The public prosecutor's office said later on Friday it was investigating 11 deaths in El Valle, adding that "some" victims had died from being electrocuted.

Nine other people have been killed in violence associated with a wave of anti-government demonstrations in the past three weeks in which protesters have clashed with security forces in melees lasting well into the night.
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Re: Venezuela, Post-Chavez

Post by Addie » Thu Apr 27, 2017 10:51 am

Reuters
Venezuela to withdraw from OAS, denounces campaign by Washington

Venezuela said on Wednesday it was withdrawing from the Organization of American States, deepening the diplomatic isolation of the socialist-run nation that is already out of step with Latin America's steady shift to the right.

Critics of President Nicolas Maduro have said Venezuela could be expelled from the group, accusing his government of eroding the country's democracy by delaying elections and refusing to respect the opposition-led Congress.

Venezuela said the move was a response to a Washington-backed campaign against the ruling Socialist Party that is meant to trample on the sovereignty of Venezuela, the United States' principal ideological adversary in the region.

"Tomorrow, as ordered by President Nicolas Maduro, we will present a letter of resignation from the Organization of American States, and we will begin a procedure that will take 24 months," Foreign Minister Delcy Rodriguez said in a televised statement.

The announcement came after the OAS agreed on Wednesday to hold a meeting of foreign ministers to discuss the situation in Venezuela. Maduro had warned on Tuesday that Venezuela would quit the group if the meeting were called.
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Re: Venezuela, Post-Chavez

Post by Addie » Mon May 01, 2017 8:06 am

Associated Press
Venezuela's Maduro hikes minimum wage amid rising protests

CARACAS, Venezuela (AP) — Venezuelan President Nicolas Maduro hiked wages and handed out hundreds of free homes Sunday amid his efforts to counter a strengthening protest movement seeking his removal.

On his regular television show, "Sundays with Maduro," the president ordered a 60 percent increase in the country's minimum wage starting Monday. It was the third pay increase the socialist leader has ordered this year and the 15th since he became president in 2013.

It is small solace to workers who seen the buying power of their earnings eroded by a sinking currency and the world's highest inflation — forecast to accelerate to 2,000 percent next year, according to the International Monetary Fund.

With the latest wage increase and mandatory food subsidies, the minimum take home pay for millions of Venezuelans now stands at 200,000 bolivars a month — or less than $50 at the widely used black market rate. ...

Twenty-nine people have been killed, hundreds injured and more than 1,300 arrested during a month of protests that are the bloodiest to hit Venezuela since anti-government unrest in 2014 resulted in more than 40 dead.
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