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Showing results for tags 'Venezuela'.
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The recognition comes as hundreds of thousands are protesting Maduro's rule.
In a radical attempt to end a prolonged period of economic turmoil in the oil-rich, but cash-poor nation, Venezuelan President Nicolas Maduro announced Friday that his socialist administration would issue new banknotes after lopping five zeroes off the beleaguered bolivar. The move effectively devalues Venezuela's currency by around 96 percent, with the bolivar set to go from about 285,000 per dollar to 6 million.
Venezuelan officials say explosive drones went off as President Nicolás Maduro was giving a live televised speech in Caracas, but he is unharmed.