Venezuelan economic crisis

Furious by the country's economic crisis, many Venezuelans have left the country. According to the United Nations, since the crisis of 2015, more than 1.6 million people out of the 2.3 million Venezuelans living abroad have fled the country. The speed of leaving Japan has accelerated in recent years, causing a warning from the United Nations. Most people have joined Colombia, neighboring countries, and Ecuador, Peru, Chile. Other headed for Brazil to the south. The influx of people in Venezuela caused a strong reaction from Ecuador and Peru. According to Agence France-Presse, Colombia criticized the two southern neighbors about the implementation of travel restrictions and warned that it would not stop immigration. Ecuador - This year, nearly half a million people escaped, then abolished the weekly request that Venezuela produce passports, while helping these immigrants arrive in Peru

Since 2013, Venezuela suffers from the economic crisis. This is the worst situation in Venezuelan history, caused by President Economic Policy, Hugo Chavez's successor, Nicolas Maduro, crude oil price, and domestic and foreign factors. Since 2014, Venezuela 's GDP has declined by more than 40% and was in recession. Since 2017, the economy has collapsed, leading to basic product shortages, depression, and hyperinflation. In addition, crime, corruption, poverty and hunger are dramatically increasing. Thousands of Venezuelans flee to neighboring countries

President Nicolas Maduro of Venezuela on 3 December 2017 announced that Venezuela will release its own encryption currency - "gasoline". As most people know, Venezuela is currently experiencing a more serious economic crisis in history, leading to a decline in Bolivar's record low level. The infographic below shows Venezuelan Bolivar equivalent of $ 20 from five years ago to today. It is important to know that the exchange rate here is the official exchange rate and that the exchange rate of the black market (the exchange rate available throughout the population) is ten times higher.