venezuela

Malaysian Ringgit(MYR)/Venezuelan Bolivar Fuerte(VEF)

1 Malaysian Ringgit = 2.3044 Venezuelan Bolivar Fuerte




venezuela

Nicaraguan Cordoba Oro(NIO)/Venezuelan Bolivar Fuerte(VEF)

1 Nicaraguan Cordoba Oro = 0.2903 Venezuelan Bolivar Fuerte



  • Nicaraguan Cordoba Oro

venezuela

Netherlands Antillean Guilder(ANG)/Venezuelan Bolivar Fuerte(VEF)

1 Netherlands Antillean Guilder = 5.5634 Venezuelan Bolivar Fuerte



  • Netherlands Antillean Guilder

venezuela

Estonian Kroon(EEK)/Venezuelan Bolivar Fuerte(VEF)

1 Estonian Kroon = 0.7003 Venezuelan Bolivar Fuerte




venezuela

Danish Krone(DKK)/Venezuelan Bolivar Fuerte(VEF)

1 Danish Krone = 1.4515 Venezuelan Bolivar Fuerte




venezuela

Fiji Dollar(FJD)/Venezuelan Bolivar Fuerte(VEF)

1 Fiji Dollar = 4.4329 Venezuelan Bolivar Fuerte




venezuela

New Zealand Dollar(NZD)/Venezuelan Bolivar Fuerte(VEF)

1 New Zealand Dollar = 6.1303 Venezuelan Bolivar Fuerte



  • New Zealand Dollar

venezuela

Croatian Kuna(HRK)/Venezuelan Bolivar Fuerte(VEF)

1 Croatian Kuna = 1.4394 Venezuelan Bolivar Fuerte




venezuela

Peruvian Nuevo Sol(PEN)/Venezuelan Bolivar Fuerte(VEF)

1 Peruvian Nuevo Sol = 2.9383 Venezuelan Bolivar Fuerte



  • Peruvian Nuevo Sol

venezuela

Dominican Peso(DOP)/Venezuelan Bolivar Fuerte(VEF)

1 Dominican Peso = 0.1815 Venezuelan Bolivar Fuerte




venezuela

Papua New Guinean Kina(PGK)/Venezuelan Bolivar Fuerte(VEF)

1 Papua New Guinean Kina = 2.9115 Venezuelan Bolivar Fuerte



  • Papua New Guinean Kina

venezuela

Brunei Dollar(BND)/Venezuelan Bolivar Fuerte(VEF)

1 Brunei Dollar = 7.067 Venezuelan Bolivar Fuerte




venezuela

Venezuela uses a ROV to inspect Guri Reservoir infrastructure amidst water level decline

Venezuela's government is taking measures to inspect the infrastructure of the country’s main hydroelectric-related civil structure as rising temperatures, reduced precipitation and increased energy demand affect water levels at the 4,000-square-mile Guri Reservoir.  




venezuela

Rainfall eases Venezuela’s restrictions on hydropower energy supplies

Venezuela's government is lifting electricity rationing that began more than two months ago due to drought and rising temperatures that affected water levels at the 1,500-square-mile Guri Reservoir.
 




venezuela

Venezuela to try captured US duo after failed invasion

Venezuela will try two Americans captured during a failed bid by mercenaries to invade the country, President Nicolas Maduro said on Wednesday, as the United States vowed to “use every tool available”




venezuela

Trump clears air on alleged coup to overthrow Venezuela leader

U.S. President, Donald Trump, on Friday, said he would send an army to topple his Venezuelan counterpart, Nicolás Maduro if he wanted to. Trump said this while speaking on Fox and Friends, a live talk show on Fox Television as he denied the U.S. involvement in an alleged recent coup attempt on Maduro. “We have […]

Trump clears air on alleged coup to overthrow Venezuela leader




venezuela

Venezuelan Army Announces Arrest of Two More Mercenaries Involved in Failed Maduro Kidnap Attempt

On Sunday, the Venezuelan army frustrated an...




venezuela

Expert Suggests Alleged Mastermind of Venezuela's Failed Coup Is 'Double Agent' Working for Maduro

The Venezuelan military defector...




venezuela

‘No US Involvement at All’, COO of Firm Behind Botched Venezuela Raid Says

President Nicolas Maduro has accused the US of being the mastermind behind the planned incursion in Venezuela, but Washington denies any involvement in the botched raid. ......




venezuela

Venezuela asks extradition of US citizen in failed raid

Venezuela's Chief Prosecutor Tarek William Saab said his office has requested arrest warrants against U.S. military veteran Jordan Goudreau as well as Jose Rendon and Sergio Vergara, two Venezuelans accused of involvement in a failed armed incursion earlier this week aimed at overthrowing the government of President Nicolas Maduro.




venezuela

Further US Sanctions imposed against Venezuela

The United States has expanded the sanctions imposed on Venezuela in a bid to hold accountable “those responsible for Venezuela’s tragic decline”. U.S. sanctions on Venezuela have steadily increased since March 2015 in response to ...




venezuela

In the news: Venezuela’s Maduro foils overthrow bid, blames Guaidó and the US

The botched raid comes amid concerns over the regime’s ability to cope with COVID-19, given its run-down economy and health systems.




venezuela

'Trump ordered mercenary attack on Venezuela'

CARACAS: Venezuelan President Nicolas Maduro says there is evidence his American counterpart Donald Trump “personally ordered” the recent military raid on the Latin American country, arguing that Washington swiftly cut remaining ties with Caracas thereafter. Maduro made the comments in...




venezuela

Venezuela charges two Americans with 'terrorism, conspiracy'

Venezuela has charged two former US soldiers with "terrorism" and "conspiracy" for allegedly taking part in a failed invasion bid to topple President Nicolas Maduro, the attorney general said Friday.





venezuela

The 'mind-blowing' story of the ex-Green Beret who tried to oust Venezuela's Maduro

Jordan Goudreau once pushed a plan to protect U.S. schools. Then he moved on to a more daring pursuit, which also didn't end well.





venezuela

Venezuela orders arrest of former Green Beret involved in botched raid

The chief prosecutor will seek capture of Jordan Goudreau as well as two US-based advisers to opposition leader Juan Guaidó

Venezuela’s chief prosecutor has ordered the arrest of a former Green Beret and two opposition figures living in the United States for their purported role in a botched operation aimed at removing Nicolás Maduro from power.

Tarek William Saab said Venezuela will seek the capture of Jordan Goudreau, a military veteran who has claimed responsibility for the attack, as well as Juan José Rendón and Sergio Vergara, two US-based advisers to the opposition leader Juan Guaidó.

Continue reading...




venezuela

Venezuela: Two US citizens arrested after beach invasion aimed at capturing Nicolas Maduro, says regime




venezuela

Venezuela's top prosecutor requests extradition of US veteran accused in plot to overthrow Nicolas Maduro

Venezuela's Chief Prosecutor Tarek Saab requests the detention and extradition of US military veteran Jordan Goudreau and two Venezuelans accused of involvement in a failed armed incursion earlier this week.




venezuela

Two U.S. Broker-dealer Employees and Venezuelan Government Official Charged for Massive International Bribery Scheme

Two employees of a U.S. broker-dealer and a senior official in Venezuela’s state economic development bank have been charged in New York’s federal court for their alleged roles in a massive international bribery scheme.



  • OPA Press Releases

venezuela

High-Ranking Bank Official at Venezuelan State Development Bank Pleads Guilty to Participating in Bribery Scheme

A senior official in Venezuela’s state economic development bank has pleaded guilty in New York federal court to accepting bribes from agents and employees of a New York-based broker-dealer (Broker-Dealer) in exchange for directing her bank’s security-trading business to the Broker-Dealer.



  • OPA Press Releases



venezuela

Three things to know about the Venezuelan election results


The Venezuelan opposition Movement for Democratic Unity (or MUD by its Spanish acronym) won a major victory over pro-government parties in the December 6 legislative elections. Updated official results show 107 seats for the MUD, 55 for the governing party, 3 representing indigenous communities, with 2 still undecided.

This is remarkable considering the extent to which the government manipulated electoral rules and conditions ahead of the elections. There were a number of reported problems on election day, the most serious of which was to keep polling stations open for up to two additional hours so government supporters could scour voter rolls to find eligible voters who had not yet cast ballots and take them to polling stations. The result was a record 74 percent turnout for legislative elections, with 58 percent voting for the opposition and 42 percent for the government—the mirror image of electoral results in almost all elections since former President Hugo Chávez first took office in 1999. 

In the end, electoral dirty tricks were not enough to prevent an opposition landslide, and President Nicolás Maduro was forced to concede defeat shortly after midnight on December 7. Although the final number of opposition-held seats in the legislature is not yet certain, there are three main questions that should focus our attention over the coming weeks and months:

1. What does opposition control of the National Assembly actually mean? 

Venezuela’s legislative election rules are designed to over-represent the majority party and rural areas. This traditionally favored Chavista parties, but in this election, they have given the opposition a boost in the number of seats they won relative to the popular vote. The opposition has already achieved a three-fifths majority, which enables them to pass laws, approve government-proposed budgets, censure and remove government ministers and the executive vice president, and name new appointees to lead the national electoral authority and new magistrates to the Supreme Tribunal. The MUD has already promised to pass an amnesty law for political prisoners aimed at liberating a number of opposition political leaders imprisoned by the Maduro administration. It has also pledged to move legislation designed to promote economic recovery.

The opposition appears to be within striking distance of securing a two-thirds majority (112 seats), which would allow them a much wider array of powers: to remove the existing electoral authorities (with the support of the Supreme Tribunal), submit legislation to approval by popular referendum, and the equivalent of the “nuclear option” for Venezuelan legislators: convene a Constituent Assembly to write a new constitution. But with a few remaining seats in play, it appears that the MUD has more work to do to clear this hurdle and then to maintain discipline among legislators to keep a razor-thin two-thirds majority.

Either way, there is a dangerous gap between the euphoric expectations created by the elections and the actual power of the National Assembly. Not only are legislatures in Latin America typically weak, but the legislative branch has not operated independently thus far during the Chavista period. So many of its potential powers have not been exercised in practice. 

2. What might the Maduro administration do next to limit the power of the legislature? 

Before the vote, there was a general consensus among analysts that President Maduro would try to limit the power of the legislature in the event of an electoral loss. The tactic has many precedents, with the governments of Presidents Chávez and Maduro previously gutting the power and budgets of opposition-controlled elected offices at state and local levels.

One possibility is that the outgoing Chavista-dominated National Assembly that leaves office in January 2016 will simply pass an enabling law (Ley Habilitante) that would allow President Maduro to rule by decree for the rest of his term. There are plenty of precedents for this in Venezuela, although an enabling law that lasted for the remainder of the presidential term would be exceptional. But others have suggested that given the overwhelming opposition victory, such an approach may run too blatantly contrary to public opinion and consolidate popular sentiment against the government.

Instead, the government may simply use the Supreme Tribunal to invalidate opposition-initiated legislation. Of the 32 magistrates appointed to the highest court in Venezuela, 13 judges are retiring. Together with 5 empty seats, that will allow the outgoing legislative assembly to approve 18 new judges. These will join 12 magistrates appointed by the Chavista-controlled legislature in December 2014. With the government appointing so many members of the Supreme Tribunal, it will likely be easy for the Maduro administration to block inconvenient legislative proposals. The question for the opposition then becomes whether it can figure out how to use control of the legislature to affect the composition of the court and dilute the power of pro-government magistrates, something that would undoubtedly set off a struggle among the various branches of government.

3. How is the Chavista movement likely to react to this new scenario? 

It seems unlikely that the Chavista movement will simply accept divided government, something unknown to Venezuela since 1999. There are simply too many in the Chavista movement who cannot afford an “accountability moment” due to alleged participation in official corruption; waste, fraud, and abuse; or drug trafficking. Others will be ideologically opposed to allowing so much power to flow to an opposition-dominated national assembly.

The Chavista movement spans from the military to the governing party to armed pro-government militias and gangs (colectivos). Former President Chávez was adept at keeping the movement together. President Maduro is not nearly as skilled, and with this stunning electoral loss, his leadership within the movement (already damaged by poor economic results) is likely to come under further pressure. 

In a normal country, one might imagine some incentives for both sides to negotiate—the legislature and executive could work together to avert the coming economic catastrophe, for one. And the weakening of President Maduro’s leadership may lead to more open disagreement within Chavismo about the way ahead, allowing the possibility that moderates on both sides will find room to work together. But as journalist and long-time Venezuela observer Francisco Toro has argued, Chavismo is a machine for not negotiating; the selection process for top leadership has been designed to winnow out anyone who would consider sitting down to talk with the opposition. And in such a polarized situation, moderates always run the risk of being targeted by radicals from their own side if they negotiate with opponents.

Get the house in order

All Venezuelans should feel proud (and relieved) that these highly significant elections have been carried out peacefully. But a lot of work remains to be done. 

First, the outside study missions and electoral accompaniment missions need to remain focused on the tabulation process to ensure that the few undecided legislative seats are allocated according to electoral rules and the votes cast rather than government fiat. 

Second, Venezuela is entering a period of divided government, one that will potentially be riven by conflict among the branches of government. The outside actors that have thus far played a positive role—such as regional multilateral institutions, civil society, legislators across the hemisphere, and governments interested in supporting democracy—will need to continue to pay attention to and support favorable outcomes in Venezuela even when the country is out of the international headlines. 

And third, Venezuela’s economy is in very serious trouble now that oil has fallen as low as $35 a barrel. Further economic contraction, poverty rates not seen since before Hugo Chávez took office, and inflation in excess of 200 percent are all expected in 2016. If the government (both Chavistas and opponents) come to their senses and agree to a negotiated plan on how to address the economy, they will need the support of both traditional multilateral financial institutions and non-traditional sources of financing (such as China). 

As the opposition celebrates this major electoral win, it will undoubtedly dwell on the political implications of its victory over Chavismo. But it should not lose sight of the mandate it has now been given to make needed policy changes as well.

Update: As of December 9, 2015, media are reporting that the opposition party has won at least 112 seats, achieving a two-thirds majority in the National Assembly.

      




venezuela

Venezuela refugee crisis to become the largest and most underfunded in modern history

The Venezuelan refugee crisis is just about to surpass the scale of the Syrian crisis. As 2019 comes to a close, four years since the start of the Venezuelan humanitarian crisis, 4.6 million Venezuelans have fled the country, about 16 percent of the population. The figure is strikingly similar to the 4.8 million people that…

       




venezuela

La crisis de refugiados en Venezuela pronto será la más grande y con menos fondos en la historia moderna

La crisis de refugiados venezolanos está a punto de superar la escala de la crisis siria. Para finales del 2019, 4 años después del comienzo de la crisis humanitaria venezolana, 4.6 millones de venezolanos han huido del país, alrededor del 16 por ciento de la población. La cifra es sumamente similar a los 4,8 millones…

       




venezuela

Dim prospects for dialogue in Venezuela

Everyone favors dialogue as the preferred option to solving Venezuela’s political and economic crisis. The alternative to dialogue is already upon us: growing reports of looting, social unrest, and government repression in this increasingly hungry and violence-wracked nation. But there are good reasons to be skeptical that dialogue will prosper at this time.

      
 
 




venezuela

Venezuela in Crisis

In this episode of “Intersections,” Harold Trinkunas, senior fellow and director of the Latin America Initiative, and Dany Bahar, fellow in Global Economy and Development, discuss Venezuela’s political and economic crisis, and how it is the result not just of dropping oil prices, but of years of economic mismanagement.

      
 
 




venezuela

Venezuela: mais mercenários presos, incluindo dois veteranos das forças especiais dos EUA

Vários mercenários foram mortos e outros presos em La Guaira, em 3 de maio, enquanto tentavam desembarcar na Venezuela como parte de uma conspiração contra o governo Maduro. Em 4 de maio, outros oito mercenários foram presos na cidade costeira de Chuao, no estado de Aragua, entre eles dois ex-veteranos das forças especiais dos EUA.




venezuela

Venezuela foils mercenary incursion: Guaidó and Washington responsible

In the early hours of Sunday 3 May, Venezuelan police and armed forces foiled an attempt by armed men to disembark in Macuto, La Guaira, 35km from the capital Caracas. In the ensuing clashes eight mercenaries were killed and weapons were seized, both from speedboats and stored on land. According to the authorities, the attack had the aim of kidnapping Venezuelan officials and sparking a military coup.




venezuela

Venezuela: more mercenaries arrested including two US special forces veterans

A number of mercenaries had been killed and others arrested in La Guaira on 3 May while trying to disembark in Venezuela as part of a plot against the Maduro government. On 4 May, another eight mercenaries were arrested in the coastal town of Chuao in Aragua state, amongst them two former US special forces veterans.




venezuela

Mercenary incursions against Venezuela: jail the coup plotters!

In this article, our Venezuelan comrades in Lucha de Clases analyse the foiled mercenary incursions into the country, and their links to opposition coup plotters and their imperialist masters. Jail for the those responsible! No more impunity!




venezuela

More details emerge of the mercenary military coup plot in Venezuela

We said from the very beginning that the Venezuelan opposition and the US administration were responsible for the attempted mercenary coup foiled in Venezuela on 3 May. As days go by, more details emerge which confirm that assessment.




venezuela

Chairs with Fabrics Weaved by the Warao in Venezuela Mix the Ancestral and the Contemporary

Designer Maria Antonia Godigna spent two years studying the spinning techniques of the Warao and created a line of furniture with Moriche, the palm fiber produced by them.




venezuela

U.S. Mercenaries Captured in Venezuela After Failed Coup Attempt Compared to a "Bad Rambo Movie"

We look at an incredible story unfolding in Venezuela of a failed coup attempt. Did a former Green Beret mastermind it? Two Americans have been arrested in Venezuela. President Nicolás Maduro claims the U.S. was behind the plot. "It looks like a bad Rambo movie, or a really bad telenovela," says Miguel Tinker Salas, author of "The Enduring Legacy: Oil, Culture, and Society in Venezuela." He notes that "the U.S. is seeking regime change ... and the consequences for Venezuela could be very dire going forward.”




venezuela

Maduro says two captured American 'mercenaries' will be tried in Venezuela

Venezuela will try two Americans allegedly captured during a failed raid by mercenaries, President Nicolas Maduro said on Wednesday as the US vowed to "use every tool available" to bring them home.




venezuela

The 'mind-blowing' story of the ex-Green Beret who tried to oust Venezuela's Maduro

Jordan Goudreau once pushed a plan to protect U.S. schools. Then he moved on to a more daring pursuit, which also didn't end well.





venezuela

Venezuela: Trump denies role in bungled incursion

Venezuela has accused the US of being behind a botched raid to oust President Maduro.




venezuela

Argentina roll on, Venezuela make history