Skip to content
Economics

Maduro Orders Economic Team to Defend Sliding Venezuela Currency

Nicolas Maduro

Nicolas Maduro

Photographer: Matias Delacroix/Bloomberg

Venezuela President Nicolas Maduro ordered his economic team to take measures to defend the bolivar following a sharp fall against the dollar this month.  

In a tweet, Maduro said that facing an attack from the “criminal dollar,” his government would move to protect the official exchange rate ahead of the holidays. He blamed criminal groups in Miami for the bolivar’s slide.