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Business Insider spoke with John Maisto, the former US ambassador to Venezuela, about how the country got where it is and where it might be going.
Venezuela's economic crisis has deepened further as its country's citizens grow desperate for even basic products.
On Friday, Venezuelan President Nicolas Maduro announced plans to raise the minimum wage and create a single exchange rate pegged to his government's petro-backed cryptocurrency, which would effectively devalue Venezuelan money by 96%.
Venezuela says it has identified the masterminds behind the alleged drone assassination attempt on President Nicolas Maduro
Venezuelan officials have identified the mastermind behind the apparent drone assassination attempt on President Nicolas Maduro, Attorney General Tarek Williams Saab has said. The announcement comes after officials said they had arrested six suspects in connection to the alleged attack on Saturday.
Venezuela's inflation rate has hit a new high, according to university research, with consumer prices in the crisis-ridden country rising by more than 40,000% annually for the first time on record.
‘Officer coups are often unsuccessful and bloody’: Wall Street weighs in on a military coup taking out Venezuela’s Maduro
Venezuelan leader Nicolas Maduro secured another term as president over the weekend in what was widely seen as a fraudulent election. One research firm thinks he could be overthrown by the military before the end of 2018.
Venezuela's President has unveiled a new 100,000 note worth just $2.50 in the US. He also plans to eliminate all physical cash in the country
Venezuela's economic crash is bigger, in percentage terms, than the contraction seen in the US during the Great Depression.
Dozens of government supporters stormed the legislative halls and attacked opposition leaders on Wednesday.
After a year of isolation, ‘the most miserable country in the world’ is ‘interested in a new beginning’
"The closure of the border has been a total disaster. In fact, things have gotten worse."