Some Venezuelans, alarmed by Maduro's measures, speed up plans to flee

Some Venezuelans, alarmed by Maduro's measures, speed up plans to fleeMaduro on Friday stunned the South American nation by announcing a 96 percent devaluation and vowing to peg the bolivar currency to Venezuela’s new ‘petro’, a cryptocurrency that experts have cast doubt on as a functional financial instrument. “I am looking for flights to leave on Wednesday, any way I can,” Narvaez said in Venezuela’s western oil hub of Punto Fijo, home to massive but deteriorated oil refineries. “I am sure this is going to get worse because the man’s ideas lack all logic.” Maduro, who argues that he is the victim of a Washington-led “economic war” designed to sabotage his administration through sanctions, said that using the petro will abolish the “tyranny” of the dollar and lead to an economic rebirth in Venezuela, an OPEC member state home to the world’s biggest crude oil reserves.


Source: Yahoo! News

Desperate Venezuelans defy Ecuador's passport rules and cross border

Desperate Venezuelans defy Ecuador's passport rules and cross borderHundreds of desperate people who traveled days from Venezuela, mostly by bus but some on foot, were prevented from passing the checkpoint near the southwestern town of Ipiales by a regulation set by Ecuador’s President Lenin Moreno that kicked in on Saturday. The primary school teacher, 37, was traveling with her boyfriend and had planned to cross legally with her Venezuelan national ID card en route to find work in Peru, where other family members successfully arrived weeks ago. Peru’s government announced immigration measures similar to Ecuador’s on Friday, with passport requirements for Venezuelans beginning on Aug. 25.


Source: Yahoo! News