Christmas with Hyperinflation

This Christmas season most Venezuelans aren’t thinking much about sprucing up the home, buying gifts and special meals as they are preoccupied with how to put the bear basics on the table today and then tomorrow. With supermarket shelves sparsely stocked and prices rising by the day on what does exist, even traditional holiday spirits are out of reach for many citizens. The Bolivar, which faces near daily devaluation, is now pegged at 103,000 to 1 US dollar.  More…