Fleeing Venezuela’s Crushing Economic Crisis

The ongoing economic crisis in Venezuela moves to leave the country with hundreds of thousands of people - often in Brazil, Colombia, Ecuador, Peru, and elsewhere seeking a better life. They are currently fleeing from countries where blackouts and water shortages are frequent and food and basic medical supplies are scarce. Hyperinflation is the rate of conversion from 100,000 Bolivar (old currency) to 1 sovereign Bolivar (new currency), which is a burden for recent new currency issuance. The International Monetary Fund estimates that this year's Venezuelan inflation rate may reach 1 million. With this week alone, several new economic measures will be implemented, including 3,000% increase in minimum wage rate. More and more refugees in the border countries are causing problems, and in countries such as Ecuador and Peru the restrictions on immigration are becoming stricter. I gathered here: Look inside some people who have chosen to leave their weak country during the past few months with Venezuela

The economic and political crisis of Venezuela is attributable to the worldwide drop in crude oil prices and the macroeconomic incapacity of the Nicholas Maduro Government which is gradually increasingly authoritative. However, due to the sudden increase in overinflation and poverty, refugees suppress opposition and create another risk. Donald Trump has strengthened its attitude towards the crisis and his statements are beginning to become dangerous. In August 2017, Mr. Trump told reporters that he and his government provided Venezuela with "many options including necessary military options." According to a report that July 2018, Trump revealed that AIDS people repeatedly asked about the feasibility of armed invasion, in early September, the trump talks about current and former Venezuelan officers and military coup plans We talked.

Since 2010, during the President Hugo Chavez, socio-economic and political crisis has occurred in Venezuela and continues to play a role as Nicholas Maduro's current president. The current situation is one of the worst economic crisis in Venezuela's history and the most serious crisis experienced in the Americas. This crisis was the result of the Bolivarian revolutionary policy that began with the Chavez administration. On June 2, 2010, President Chavez announced "economic war" due to the shortage in Venezuela. The crisis of the Maduro government is intensifying and the crisis is intensifying due to the low crude oil price in early 2015.