Venezuela launched a new currency with the New Year ... He said officials aim "to reinforce confidence in the monetary symbol." The new money was distributed to banks and automated teller machines ...

(Bloomberg) -- Venezuelans are snapping up dollars, sending the local currency crashing to record lows as concern mounts that the Trump administration is throttling the country’s oil industry and ...

Venezuela’s fiscal gap widened to 11% of GDP last year from 4% in 2011, according to Moody’s Investors Service. “This isn’t a change that was done for fiscal reasons,” Giordani said.