In the space of two weeks, Marinez came back to Maracaibo, "without any money in my pockets RuneScape Gold," he said. He tried to find work but could not find an employment market destroyed due to the pandemic. It also led to a prolonged economic recession.
Ten years before, Venezuela, a petrostate under the leadership of Hugo Chavez, witnessed a bust in oil prices. In 2017, the price of a barrel plummeted to just $50 from a high of more than $100, and The U.S. instituted wide-ranging sanctions against the Venezuelan dictatorship.
"When oil prices started to fall it was impossible to find funds to import goods," said Alejandro Velasco, Professor of New York University who specializes in Venezuelan politics, in an interview over the phone. "As an outcome that there was not enough money in the real world to keep the economy going."
Venezuela's coffers were empty after it spent its most recent oil windfall on social services such as subsidized food, medical care, or literacy education programs. Chavez also culled perceived dissenters from the oil industry after an attempted military coup, that affected production.
And widespread corruption in the administration further damaged the economy, as per Paul Angelo, a fellow at the Council for Foreign Relations who specializes in Latin American politics rs2007 gold. Runescape developer Jagex has announced the end with Runelite HD.
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