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Tag Archives: Economic policy of the Nicolás Maduro government

“This Is Total Chaos” – Venezuela Shuts Colombia Border To Stop “Mafia” Currency Smuggling

As if things were not already chaotic enough in the socialist utopia of Venezuela, following President Nicolas Maduro’s decision to follow Indian PM Modi’s playbook and announce that the nation’s largest denomination bill (100-Bolivars – worth around 3c) will be pulled from circulation in 72 hours, he has tonight closed the border to Colombia to crackdown on currency smuggling by so-called “mafias”. As AP reports,...

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