Inside Venezuela: Empty Supermarkets, Fascist Imagery and a Collapsing Social Order
“One of the most staggering things about Venezuela is its absurd rate of inflation. Whilst 1000 Bolivares could previously buy you a car, it now barely buys you a jar of Nutella. Transferring $100 into Venezuelan currency buys you stacks of money which has very little value. Whereas the maximum bill in America is $100, the maximum single bill is worth just under 10 cents. Next year, the country’s rate of inflation is expected to rise to 1,660%.
Mainly as a result of this hyper inflation, the country is now suffering from a chronic food crisis. Queues for food such as bread, milk and butter, as well goods such as shampoo can take hours.
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