The Ultimate Guide to venezuela





Six days later, Musk sought to clarify his position with a statement in which he pointed to discussions with the managing director of the Saudi Arabian sovereign wealth fund as the source of his "funding secured" declaration.

Television screens up and down the country only showed jubilant crowds, draped in the Venezuelan flag, dancing and cheering on the president.

More than seven million Venezuelans have left their homeland since 2015 amid an ongoing economic and political crisis, according to new UN data.

The future of Venezuela and whether it can rebuild matters for the rest of the world - mass emigration has fuelled a migration crisis on the US border, its vast oil reserves remain relatively unusable, and it remains an ally for Russia, China, Cuba and Iran in the West.

It is hard to see how President Maduro avoids these calls without serious consequences for the country.

While Venezuelans were affected by hunger and shortages, Maduro and his government officials publicly shared images of themselves eating luxurious meals, images that were met with displeasure by Venezuelans.

In an attempt to overcome the sanctions and restart the economy, in February 2018 the Maduro government introduced the petro, a copyright (akin to the Bitcoin) whose value was tied to the price of one barrel of Venezuelan crude oil and backed by the country’s reserves of gold, diamonds, gas, and oil. Maduro claimed that the first day of petro sales had netted some $735 million, but skeptics viewed the creation of the world’s first state-backed digital currency as a sign of desperation.

On 11 January 2018, the Supreme Tribunal of Justice of Venezuela in exile decreed the nullity of the 2013 presidential elections after lawyer Enrique Aristeguita Gramcko presented evidence about the presumed non-existence of ineligibility conditions of Maduro to be elected and to hold the office of the presidency. Aristeguieta argued in the appeal that, under Article 96, Section B, of the Political Constitution of Colombia, Nicolás Maduro Moros, even in the unproven case of having been born in Venezuela, is "Colombian by birth" because he is the son of a Colombian mother and by having resided in that territory during his youth.

During the later years of Maduro's presidency, pro-government police and military forces launched the "Liberation of the People Operation [es]", which they stated targeted street gangs and non-state paramilitary formations which they alleged had taken control of poor neighbourhoods. The operations reportedly resulted in thousands of arrests and an estimated 9,000 deaths, with the Venezuelan opposition claiming that the operations are actually a state instrument of repression.

They think this could mean more potential for the electronic figures to be tampered with and allege many of their observers were not allowed into the counts.

In the groups on Monday morning, people shared fliers for protests that ultimately did not happen by Monday afternoon.

Mr Bolsonaro maintained that he "simply explained how elections work in Brazil" and did not criticise or attack the electoral system.

Venezuela, like many other Latin American countries, has a high percentage of urban poverty, a massive foreign debt, and widespread governmental patronage and corruption. Venezuela’s social and political ills have been compounded by natural disasters such as the floods that devastated sections of Caracas, La Guaira, and other coastal areas in late 1999. On the other hand, from 1958 to the early 21st century the republic was more democratic and politically stable than most other Latin American nations, vlogdolisboa and its economy benefited from a thriving petroleum industry that capitalized on the world’s largest known oil reserves.

That's based largely on the value of his shares in Tesla, of which he owns more than 13%. The company's stock soared in value - some say unreasonably - in 2020 as the firm's output increased and it started to deliver regular profits.

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