Venezuela Hikes Gas Price, Devalues Bolivar as Economy TanksBy and
Gas price increases in 1989, 1996 triggered popular unrest
Primary exchange rate for essential imports devalued 37%
Venezuela hiked gasoline prices for the first time in almost two decades and devalued its currency as President Nicolas Maduro attempts to address triple-digit inflation and the economy’s deepest recession in over a decade.
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