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Brazil

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Issue:

Miscellaneous

 

Written by:

Debra G

 

Date added:

November 5, 2015

 

Level:

University

 

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No of pages / words:

1 / 238

 

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This crowded population makes for great social gatherings including fiestas, weddings, and futbol games. The petroleum sector dominates the Venezuela's mixed economy, accounting for roughly a third of, around 80% of export earnings, and more than half of government revenues.The oil sector operates through the government-owned Petroleos de Venezuela (PDVSA), which among other things owns the US-based distributor CITGO and its more than 14,000 retail gasoline outlets...
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Despite the significant oil wealth, 47% of the population live in poverty. Along with all this money talk, I will also mention that the Venezuelan bolivar is the national currency. Since March 1, 2005, the currency has been officially pegged to the U.S. dollar at an exchange rate of 2150 bolivares to the dollar...
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