Amidst a growing political and economic crisis, 4 million citizens have now fled Venezuela.
According to a new report by the UN Refugee Agency and the International Organization for Migration, the pace at which citizens are leaving the country has been "Staggering", rising from 695,000 people in 2015 to over 1 million people since November 2018.
Colombia remains the primary destination for those leaving Venezuela, and it now hosts 1.3 million people who have fled the country.
Eduardo Stein, the joint UNHCR-IOM Special Representative for Venezuelan refugees and migrants said: "These alarming figures highlight the urgent need to support host communities in the receiving countries. The countries are doing their part to respond to this unprecedented crisis but they cannot be expected to continue doing it without international help."
Just days ago we reported that Venezuela had defaulted on $750 million in gold-backed swaps with Deutsche Bank.
We reported recently how difficult it was to get even $1 worth of Venezuelan Bolivars anywhere in the country: the reason - hyperinflation in the country is alive and well according to the Bloomberg Venezuela Cafe con Leche index.
Finally, back in April, we documented the "Zombie Apocalypse" that gas gipped the country in photos of Caracas in darkness.
https://www.zerohedge.com/news/2019-06-07/more-4-million-venezuelans-have-now-fled-country-0
According to a new report by the UN Refugee Agency and the International Organization for Migration, the pace at which citizens are leaving the country has been "Staggering", rising from 695,000 people in 2015 to over 1 million people since November 2018.
Colombia remains the primary destination for those leaving Venezuela, and it now hosts 1.3 million people who have fled the country.
Eduardo Stein, the joint UNHCR-IOM Special Representative for Venezuelan refugees and migrants said: "These alarming figures highlight the urgent need to support host communities in the receiving countries. The countries are doing their part to respond to this unprecedented crisis but they cannot be expected to continue doing it without international help."
Just days ago we reported that Venezuela had defaulted on $750 million in gold-backed swaps with Deutsche Bank.
We reported recently how difficult it was to get even $1 worth of Venezuelan Bolivars anywhere in the country: the reason - hyperinflation in the country is alive and well according to the Bloomberg Venezuela Cafe con Leche index.
Finally, back in April, we documented the "Zombie Apocalypse" that gas gipped the country in photos of Caracas in darkness.
https://www.zerohedge.com/news/2019-06-07/more-4-million-venezuelans-have-now-fled-country-0
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