As inflation soars, shops in Venezuela
are demanding dollars or an inflated black market equivalent in bolivars,
according to a recent Wall Street Journal feature. The result shuts out many
Venezuelans from purchases because of government currency controls. WSJ writes:
The result has “helped exacerbate class divisions between those who hold only
bolivars and those with access to dollars, undermining former President Hugo
Chávez’s so-called Bolivarian Revolution, the social movement embraced by his
successor, President Nicolás Maduro, which aims to equitably distribute
wealth.” More…
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