In Venezuela, price of US dollar up 479 percent in a year

The gap between the official and black market rate is mounting as well, nearing 100 percent in an economy that has become increasingly dollarized as a way to tackle hyperinflation. Even though President Nicolas Maduro projected economic growth of nearly nine percent in 2025, the oil-rich South American country has seen a sharp decline, with inflation soaring and hard currency in short supply. US President Donald Trump has piled the pressure on Maduro, stiffening sanctions and ordering the seizure...