By Youri Kemp Caribbean News Now associate editor youri@caribbeannewsnow.com CARACAS, Venezuela — President Nicolas Maduro’s administration in Venezuela has undertaken the largest currency devaluation ever recorded in recent times, cutting value of the Bolivar by some 96 percent in an attempt to arrest the hyperinflation that has helped to bring the country to its economic […]

The post Venezuela devalues currency by 96 percent and raises minimum wage in an attempt to arrest hyperinflation appeared first on Caribbean News Now.

Powered by WPeMatico