CARACAS / PUNTO FIJO, Venezuela (Reuters) – Carpenter Jose Narvaez had planned to flee Venezuela towards the end of the year and emigrate to the nearby Caribbean island of Aruba until Venezuelan President Nicolas Maduro unveiled his plan to reverse the collapse of the economy.
FILE PHOTO: A Venezuelan migrants queue up to register their entry to Ecuador at the International Rumicha Bridge in Tulcan, Ecuador, on August 1
Now 43-year-old Narvaez wants to leave as soon as possible.
Maduro on Friday shocked the South American nation by announcing a 96% devaluation and vowed to tie the Bolivar currency to Venezuela's new "Petro", a cryptocurrency that experts have called into question as a functional financial instrument.
"I'm looking for flights that leave as best I can on Wednesday," said Narvaez at Venezuela's western oil center Punto Fijo, where massive but defective oil refineries are located. "I'm sure it will get worse because the man's ideas have no logic."
Maduro, who argues that he is a victim of a Washington-led "economic war" designed to sabotage his government by sanctioning, said The use of the petro will abolish the "tyranny" of the dollar and lead to an economic rebirth in Venezuela, an OPEC member state hosting the largest oil reserves in the world.
But many Venezuelans fear the measures – the details of which have not been explained – could make the country even more anarchic and say they will join the Exodus.
When the once wealthy nation fell into poverty, hundreds of thousands have already decided to leave.