There was not enough cash to purchase goods from abroad from Emily's blog

Ten years prior, Venezuela, OSRS gold under the presidency of Hugo Chavez, witnessed a collapse in oil prices. in 2017, the cost of a barrel fell up to nearly $50 from a high of $100 along with the U.S. instituted wide-ranging sanctions against Venezuela's dictatorial government.

"When oil prices began to fall in the early 2000s, there was not enough cash to purchase goods from abroad," said Alejandro Velasco, a professor at New York University who specializes in Venezuelan politics, during an interview via phone. "As as a result it was impossible to find money in the real world for the country's economy."

Venezuela's coffers were empty after the country spent its most recent oil profits on social services like subsidized health care, food along with literacy and health programs. Chavez was also known to have removed perceived dissenters from the oil sector following an attempted military coup that affected production.

Cheap RuneScape gold widespread corruption in government further harmed the economy, according to Paul Angelo, a fellow at the Council for Foreign Relations who is an expert in Latin American politics.