This is PPP for money and banking course talking about Venezuela financial crisis and finding solutions outlines: - Introduction - The Beginning of the problem - How did it affect people - Venezuelan Debt - Business and industry & Unemployment - Inflation - Affect on other Countries - Solutions

1. Venezuela Financial Crisis

2. Venezuela
Venezuela is a country
on the northern coast of
South America with
diverse natural
attractions.
President: Nicolás
Maduro

3. The Beginning
of the problem
 It started with the election of
President Nicolas Maduro
 He was elected President in April
2013, but since then his popularity
has suffered as a result of a deep
recession, inflation, and shortages
of food and medicine.
 And he tried Supreme Court ruling
stripped the National Assembly of
its powers but after the opposition
said it was a coup.
 The court reversed its decision
shortly afterward, but protests had
already erupted against Maduro

4. The Beginning
of the problem
 Plummeting oil prices
put economy in reverse
 The flow of dollars
slowed to a trickle
 Price Control
 International money
reserves are running
out

5. How did it affect people
Shortages
Under the economic policy of the Nicolás Maduro government, greater
shortages occurred due to the Venezuelan government's policy of
withholding United States dollars from importers with price controls.

6. Venezuelan Debt

7. Business and industry &
Unemployment
IATA claims from
Venezuela the 4.1
billion dollars
owed to airlines

8. Inflation
 Inflation in 2014
reached 69% and was
the highest in the
world.
 In 2015, inflation was
181%, 800%
 in 2016
 and over 4,000% in
2017.

9. Affect on other
Countries
 Venezuela's economic crisis is now stirring fears beyond its
borders. Long dependent on subsidized fuel from Venezuela;
Caribbean nations are now considering new sources of
energy.
 Venezuela has the world's largest oil reserves, and any
disruption in supply would surely rattle global energy and
financial markets. That could send U.S. gas prices higher
and Wall Street stock prices lower.

10. Solutions
 Venezuela has reportedly made
the first state-backed
cryptocurrency, the petro using
NEM Network, available to the
public Venezuela says launch of
'petro' cryptocurrency raised
$735 million
 The tokens will each be valued
at and backed by a barrel of
Venezuelan crude oil, Maduro
has said.
 Though more than 100 million
petro are expected to be
released ultimately, initially, only
82.4 million will be disbursed.

11.  Reach financial assistance
from the international
community and work them
to meet humanitarian needs
and for re-orientation of the
economy,
 an economic plan with the
International Monetary Fund
and the World Bank by
negotiating with the world
bank they could obtain
billions and pay their
incoming debts

12.  Deflating the bolivar and
unifying the exchange
 Diversification
 making self employment
labors
 productivity
developments by having
workers specialized on
certain tasks

13. Thank You