Venezuela

Havana Continues to Support Maduro Despite U.S. Sanctions

Cuba will continue to support Venezuelan President Nicolas Maduro as a legitimate South American leader, France's press agency quoted an official Cuban representative as saying.

The Cuban source of France's press has underlined that Havana's support for Maduro "is not negotiable" despite U.S. sanctions against an island state.

Inflation in Venezuela in 2018 was 130 060%

Inflation in Venezuela in 2018 was 130 060 percent. The central bank said after four years of silence.

Economic data are, in principle, strictly kept secret from the authoritarian regime of Nicolas Maduro. The country's economy shrunk by 19.2% in the first nine months of 2018 on an annual basis, as private consumption has fallen sharply and inflation has risen.

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