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Top related persons:
Venezuelan bolivar - 1 bolivar - 1 Nicolas Maduro - 1 Maduro's - 1 Sintesis - 1 Maduro - 1 Mayela Armas - 1 Carolina Pulice - 1
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CARACAS Venezuelan U.S Chevron PUERTO ORDAZ Venezuela Talavera El Callao
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Thomson - 2 U.S . - 1 Citizen Security - 1 UN - 1

Search resuls for: "Venezuela's Bolivar"


2 mentions found


☆ Venezuela's bolivar weakens against the U.S. dollar as inflation rages
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +1 min
CARACAS, Aug 3 (Reuters) - The Venezuelan bolivar weakened to 30 units per dollar, the central bank said on Thursday, marking the latest descent for the beleaguered local currency as the economy suffers one of the world's highest inflation rates. Over the past seven months, the bolivar has depreciated by a third compared with the U.S. dollar, according to analysts consulted by Reuters. They have also tried to make foreign currency more readily available to local banks, but the strategies have not tamed the country's galloping inflation rate. Since early this year, the central bank has offered local banks about $1 billion, according to local firm Sintesis Financieras. Meanwhile, U.S.-based oil major Chevron (CVX.N), which operates in the country, has posted foreign currency sales of around $400 million from February to July.
Persons: Venezuelan bolivar, bolivar, Nicolas Maduro, Maduro's, Sintesis, Maduro, Mayela Armas, Carolina Pulice, David Alire Garcia, Leslie Adler Organizations: U.S ., Reuters, Thomson Locations: CARACAS, Venezuelan, U.S, Chevron
☆ Mine collapse kills at least 12 in southern Venezuela
  + stars: | 2023-06-04 | by ( ) www.reuters.com   time to read: +1 min
PUERTO ORDAZ, Venezuela, June 4 (Reuters) - Flooding collapsed a gold mine in southern Venezuela, killing at least 12 miners, local authorities said on Sunday, adding that the victims' bodies were returned to their families. The Talavera mine, located in El Callao, in Venezuela's Bolivar state, flooded on Wednesday due to heavy rains but rescue workers could not finish recovery efforts before Saturday. Another 112 people survived the mine collapse, said Edgar Colina, the secretary for Citizen Security in Bolivar, adding that authorities will return to the site on Sunday to check for other survivors or victims. Advocacy groups and other organizations have issued warnings about the region, with the UN last year reporting that human rights violations take place in Venezuela's mining regions. Reporting by Maria de los Angeles Ramirez in Puerto Ordaz Writing by Oliver Griffin; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
Persons: Edgar Colina, Maria de, Angeles Ramirez, Oliver Griffin, Lisa Shumaker Organizations: Citizen Security, UN, Thomson Locations: PUERTO ORDAZ, Venezuela, Talavera, El Callao, Venezuela's Bolivar, Bolivar, Puerto
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