How Maduro Is Responding to Trump’s Pressure on Venezuela’s Economy
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President Nicolás Maduro of Venezuela is facing renewed economic pressure from U.S. sanctions, which have pushed inflation into triple digits and destabilized the national currency. These measures are reversing a short-lived economic recovery experienced by Venezuelans in recent years. In response to the sanctions, Maduro's government is utilizing cryptocurrency as a means to circumvent restrictions and maintain control. The tightening of American sanctions has worsened power cuts, led to hoarding of dollars, and reduced spending across the country. This economic downturn threatens to revive past hardships that many hoped had ended.
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