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Venezuelan real salary has fallen 89.9% by March

Friday, February 17, 2017

7 Emerging Market Must-Reads: Venezuela, Russia & Trump

Venezuelan President Nicolas Maduro said “”I don’t want problems with the Trump administration” in a speech Wednesday after U.S. President Donald J. Trump, Reuters reports. Earlier this week, the U.S. slapped sanctions on Maduro’s new vice president, Tareck El Aissami, and another man. The Venezuelan VP has denied U.S. allegations of drug trafficking. He was interior minister under Venezuelan President Hugo Chavez. Ties between Venezuela and Iran in that era, including a now-cancelled, non-commercial weekly flight connecting Caracas with Damascus and Tehran, have raised questions about Venezuela’s ties to terrorism, The Washington Post reports.  Meanwhile, equities in surrounding countries are rallying. More…

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