Surviving hyperinflation in Venezuela

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Imagine living in a country where prices double every few weeks and a monthly salary of three million Bolívares isn’t enough to buy meat for one family meal. That’s the situation in Venezuela where the government is knocking five zeroes off the refurbished Bolívar in a desperate attempt to control hyperinflation. The Bolívar Soberano (Sovereign Bolívar), is anchored to the cryptocurrency, the Petro, which was launched earlier this year. In May 2018, Nicolas Maduro was re-elected president in a vote deemed by the EU and the US to be unfair. He promised to focus on boosting the economy, but Venezuelans are yet to see their lives improve. Families who only a few years ago went on holiday to Miami can no longer afford decent food and basic medication. France 24 reporter Claire Paccalin has been in Caracas finding out how Venezuelans are trying to adapt and survive from day to day.

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Видео Surviving hyperinflation in Venezuela канала FRANCE 24 English