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  Venezuela to swap highest denomination banknotes for coins  The Venezuelan government has announced it will replace the country's highest-denomination banknotes with coins within 72 hours   Rio state declares 'public calamity' over finances  Rio de Janeiro: The Brazilian state of Rio de Janeiro has declared a financial emergency less than 50 days before the Olympics Ecuador quake: Millionaires to be taxed more to pay for relief  Ecuador's president has introduced new measures to try to pay for rebuilding after Saturday's earthquake, including a one-off tax on million... Brazil's pro-austerity Finance Minister Joaquim Levy replaced  President Dilma Rousseff has replaced her finance minister as Latin America's largest economy struggles to recover from recession Venezuela Central Bank sues US-based DolarToday website  Central Bank has filed a lawsuit at a court in Delaware against the US-based website DolarToday Argentina 'in contempt' of US court  New York: A US judge has ruled that Argentina is in contempt of court for refusing to obey an order to repay the debt it owes to two US hedge funds Argentine debt talks end in failure  New York: Last-minute talks in New York between Argentina and a group of bond-holders to avoid the country defaulting on its debt have ended in failure   BRICS nations to create $100bn development bank Map of Fortaleza Brazil  Northeastern Brazil: The leaders of the five Brics countries have signed a deal to create a new $100bn development bank and emergency reserve fund Venezuela tightens control of foreign exchange Evita's face on Argentina's new 100-peso bill Stores face punishment after devaluation. Venezuela   Chavez: military will monitor prices
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Bad Economic News Main Event: Venezuela dela...
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1. 2017-08-11 Venezuela's currency worth less than 'World of Warcraft' gold Venezuela
2016-12-17 Venezuela delays 100-bolivar banknote withdrawal Venezuela
D. 2016-12-11 Venezuela to swap highest denomination banknotes for coins Venezuela
E. 2016-06-17 Rio state declares 'public calamity' over finances Rio de Janeiro
F. 2016-04-20 Ecuador quake: Millionaires to be taxed more to pay for relief Ecuador
G. 2015-12-18 Brazil's pro-austerity Finance Minister Joaquim Levy replaced Brazil
H. 2015-10-23 Venezuela Central Bank sues US-based DolarToday website Venezuela
I. 2014-09-29 Argentina 'in contempt' of US court New York
9. 2014-07-30 Argentine debt talks end in failure New York

Venezuela delays 100-bolivar banknote withdrawal
  Venezuela's currency worth less than 'World of Warcraft' gold


August 2017 ... more > Top ^
Aug.11
  Dolar Today, a website that tracks the black market rate of the Venezuelan currency, puts the exchange rate at about 10,987 BolÝvars per dollar


year 2016 Top ^

Dec.17
  President Nicolas Maduro has delayed the withdrawal of the 100-bolivar banknote until 2 January

Dec.11
Jun.17
Apr.20


year 2015 Top ^

Dec.18
Oct.23


year 2014 Top ^

Sep.29
Jul.30
Jul.15


year 2013 Top ^

Nov.6


year 2012 Top ^

Jul.27


year 2010 Top ^

Jan.11
Jan.10
  Venezuela: In the wake of devaluation currency, Chavez on said he would put the military on the streets to ensure that business owners don't raise prices
Jan.8 Venezuela will slash value of currency Jan.7 President dismisses central bank governor
  Argentina: Cristina Fernandez de Kirchner has ordered the removal from office of Martin Redrado, who had refused to use currency reserves to pay foreign debt


year 2008 Top ^

Dec.13 Ecuador won't pay foreign debt interest  President Correa said he will not pay interest on the nation's foreign debt and that he was prepared to accept any consequences Nov.20 Pension takeover passed. Argentina Nov.3 Ita˙ and Unibanco to merge operations  Brazil: Ita˙ and Unibanco will merge their banking, credit, and insurance operations, creating the largest financial services group in the Southern ... Jun.10 Controversial tax to fund social programs. Argentina

year 2007 Top ^

Dec.6 Inflation worries
. Venezuela Apr.30   Venezuela to pull out of IMF, World Bank  President Chavez announced he would make a symbolic move because the nation has already paid off its debts to the lending institutions

year 2005 Top ^

Jan.23 Debt offer draws support
. Argentina

year 2004 Top ^

Nov.1 Debt repayment offer
. Argentina

year 2002 Top ^

Aug.7   IMF throws extra $30bn to Brazil
  The International Monetary Fund is hoping to help pull the country and the region out of crisis Apr.19 Bank freeze ordered  Argentina: All banking operations and foreign currency transactions suspended indefinitely amid fears of a financial collapse Feb.11 Peso passes first test
  Argentina: Peso, floating freely for the first time in a decade, ended trading stable against the dollar Feb.3 Crisis package unveiled  Argentina: Economy minister Jorge Remes Lenicov has announced a package of emergency measures Jan.25 March against bank curbs. Argentina Jan.6 Peso devaluated
  Argentina: New government ends 10 years of parity with the US dollar. 1.4 pesos would buy $1, a devaluation of 30%
Jan.5 Rescue plan approved. Argentina

year 2001 Top ^

Dec.23 Debt payments suspended  Argentina: New interim president will suspend foreign debt payments, triggering the default Dec.19 Argentina plunges into turmoil  Economy Minister, Domingo Cavallo, has resigned. Police fired tear gas to disperse tens of thousands of angry protesters Dec.3 Defiant message amid crisis
. Argentina Aug.3   IMF to accelerate $1.2 billion loan  Argentina: $1.2 billion loan for Argentina and $15 billion line of emergency credit for Brazil


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