Venezuela’s government slashed the price
of eggs by 65 percent as it uses new powers to tackle the fastest inflation in
the world. Shoppers in downtown Caracas responded by lining up to buy them. The
maximum retail price for a carton of 30 eggs was reduced to 420 bolivars from
an average of 1,200 bolivars, Vice President Jorge Arreaza said Wednesday on
state television. That’s about 50 U.S. cents at the current black market
exchange rate of 848 bolivars per dollar, or $2.10 at the weakest legal
exchange rate of 200 bolivars per dollar. More… 
Friday, November 13, 2015
Venezuela Cuts Egg Prices to Tackle World's Worst Inflation
Venezuela’s government slashed the price
of eggs by 65 percent as it uses new powers to tackle the fastest inflation in
the world. Shoppers in downtown Caracas responded by lining up to buy them. The
maximum retail price for a carton of 30 eggs was reduced to 420 bolivars from
an average of 1,200 bolivars, Vice President Jorge Arreaza said Wednesday on
state television. That’s about 50 U.S. cents at the current black market
exchange rate of 848 bolivars per dollar, or $2.10 at the weakest legal
exchange rate of 200 bolivars per dollar. More… 
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