JUANCHO TORRES
Photojournalist
Some Venezuelans find a way to use the devalued money what now is just a piece of paper, Like Richard Segovia who arrived from Caracas to Cúcuta at the beginning of this year. Since the bolivar devalued by 81.27 % in 2018, They prefer to make handbags and handicrafts with these bills to survive in Cucuta, Colombia on February 22, 2018. The depreciation of the currency is explained by several factors, one of them is the increase of bolivars in the market.
Long-term project documenting photographs taken between 2017 and 2025
In addition to economic challenges and opportunities tied to Venezuelan migration, the region’s geopolitics are in upheaval following a dramatic U.S. military operation in early January 2026: Venezuelan President Nicolás Maduro was captured in Caracas by U.S. forces and flown to New York, where he now faces federal criminal charges including narcotics and terrorism allegations. President Donald Trump has publicly justified the operation as law enforcement and stated intentions to influence Venezuela’s future political transition, even suggesting the U.S. might “run the country” during that process.
Delcy Rodríguez, Maduro’s vice president, was declared interim president in Caracas, but real power remains contested amid ongoing diplomatic and legal clashes, while opposition leader María Corina Machado has drawn international attention through symbolic acts with U.S. officials as part of a broader struggle over Venezuela’s leadership.