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The Plunge of the Bolívar: Venezuela’s Currency Catastrophe and Its Lasting Echoes

As of October 18, 2025, the Venezuelan bolívar (VES) is in freefall, trading at 205.418 per USD—a 395.5% weakening over the past year. Inflation has surged to 172% by April, driven by U.S. sanctions, oil revenue losses, and unchecked money printing. Despite brief stabilization via dollarization, the bolívar's collapse reflects...
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