What is happening in Venezuela?

The reality in Venezuela is that the economy is in recession because the government has become a dictatorship, which has expropriated private companies for the country, however, the management of companies now owned by the state led to bankruptcy As a result, basic products are scarce and the poorest sectors of the country are affected.

A clear example of the state oil company PDVSA, which is experiencing a difficult situation not only because of the drop in oil prices but also because of the poor management by the government, many refineries located in different parts of the country have had Problems for many reasons, of which we can highlight: Poor maintenance of work equipment and lack of materials that due that are not achieved in countries is imported.

In Venezuela there is no defined exchange rate in which the average Venezuelan citizen can obtain a foreign currency there are several exchange rates

Currently (10/7/2017) the preferred exchange rate is managed DIPRO consisting of 1 dollar USD = 10 Bolívares BSF it is noteworthy that this exchange rate is allowed only for the government, the DICOM which is something like an auction that It establishes 1 Dollar USD = 2500 Bolívares BSF. However, there is also the so-called parallel dollar that is handled in the black market which has a value of 7500 Bolívares = 1 US Dollar.

The people have manifested their anger meets the government and there are 100 days of protest in the streets of Caracas, which the government has strongly suppressed and there are already more than 50 dead in the protests it is noteworthy that the demonstrators do not possess weapons something similar was seen A few years ago in Ukraine, just as in those protests most Venezuelans do not feel represented by the political leaders of the Venezuelan opposition, one of the leaders who had more followers is Leopoldo López who was more than two years in prison For opposing the government, imprisoned in one of the prisons with greater security, on 09/07/2017 is granted house for imprisonment.