Venezuela cuts five zeros from currency as economic plan sows confusion

submitted by magnora7 from reuters.com

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[–]Tom_Bombadil 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

This is an awful situation for the people of Venezuela. They're under siege from US sanctions, because they nationalized their oil.

Maduro, re-elected to a second term in May in a vote widely condemned as rigged, says his government is the victim of an “economic war” led by political adversaries with the help of Washington, and accuses the United States of seeking to overthrow him.

The United States has denied the accusations. But it has described the former bus driver and union leader as a dictator and levied several rounds of financial sanctions against his government and top officials.

[–]Tom_Bombadil 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The "rigged elections" assertion belongs in the s/Propeganda sub. The US has claimed each of their elections were rigged since Chavez's first election.

Former US President Carter: Venezuelan Electoral System “Best in the World”

Carter didn't certify the most recent election, but he's 92 and he's had cancer twice recently. He deserves a break.