Inflation rate in Venezuela hits 2.68 mil. percent

Hugh Fox
February 13, 2019

The centre, to be set up in Roraima state, would be the second on the Venezuelan border after one in Cucuta, Colombia, said Lester Toledo, the head of Guaido's aid distribution team.

Italy's populist government is also calling for elections in Venezuela, but is stopping short of joining its European Union allies in recognising opposition leader Juan Guaido as interim president.

Venezuela's state-run oil company PDVSA [PDVSA.UL] is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Russia's Gazprombank AO GZPRI.MM , according to sources and an internal document seen by Reuters on Saturday.

Once again, a direct order to the armed forces at this time: "Allow the necessary humanitarian aid to enter to take care of your families, your sister, your mother, your wife, who surely need supplies and some of whom, unfortunately, surely also have certain health conditions", he told reporters on Sunday.

Maduro has blocked the aid and denounced it as a US -orchestrated show to overthrow his government.

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Amid voter boycotts, Maduro critics argued many Venezuelans feared not voting for Mr Maduro would lead to the loss of government aid.

The Venezuelan government distributed food and medicine on Monday. Maduro wants that, but Venezuela's opposition is sceptical given past dialogue failures and Guaido says the starting point for any talks must be Maduro's exit.

But Defense Minister Vladimir Padrino said the armed forces were deploying a "reinforced presence all along the border".

Russian Federation has sided with President Nicolas Maduro in his stand-off with opposition leader Juan Guaido. The military's backing is critical to the sway of power in Venezuela.

Speaking to AFP last week, Guaido refused to rule out eliciting foreign intervention.

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The Chief Minister also continued his outburst at the Prime Minister, accusing him of ruining the country and all the systems. In Karnataka and Andhra, chief ministers Kumaraswamy and Naidu skipped the courtesy of receiving Modi at the airport.


The military exercises, which mark the 200th anniversary of the historic Battle of Angostura, will continue through Friday.

Venezuela's financial accountability authority announced a probe into Guaido's income on Monday, saying he had "allegedly. received money from global and national bodies without any justification".

Two weeks ago, the regime loyalist-dominated Supreme Court barred him from leaving the country and froze his assets. "Precisely so that they do not use the resources of Venezuela in continuing to arm the population", he added.

The government in Caracas wants to deepen cooperation with the several United Nations agencies inside Venezuela, especially in these moments in which the economy has been very disturbed by external factors, he said.

Guaido, who galvanized the opposition after several years of in-fighting, has vowed it will keep protesting to pressure Maduro to step down so new presidential elections can be held.

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Accusing those blocking aid of being "almost genocidal", he likewise warned that the military would be held responsible for the deaths of protesters - and reaffirmed his call for a mass march on Tuesday in memory of the estimated 40 people killed in disturbances since January 21.

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