Venezuelans continued their ongoing struggle with the country’s massive hyperinflation crisis this week, with motorists reportedly using cigarettes and other goods to purchase gasoline across the socialist nation.
“Motorists in socialist Venezuela have long enjoyed the world’s cheapest gasoline, with fuel so heavily subsidized that a full tank these days costs a tiny fraction of a U.S. penny. But the economy is in such shambles that drivers are now paying for fill-ups with a little food, a candy bar or just a cigarette,” reports the Associated Press.
“Bartering at the pump has taken off as hyperinflation makes Venezuela’s paper currency, the bolivar, hard to find and renders some denominations all but worthless, so that nobody will accept them,” adds the AP.
The hyper-inflation crisis prompted Nicolas Maduro’s socialist regime to print high-value bank notes; rendering lower bills near worthless.
“You can pay with a cigarette,” said one motorist. “Heck, it’s no secret to anyone that it goes for nothing.”
Read the full report at the Associated Press.
Original Story: October 8, 2019
More and more Venezuelans are seeking out “traditional” or “spiritual” healers to treat modern medical conditions as hospitals rapidly run-out of life-saving supplies across the socialist country.
“With Venezuela’s chronic medicine shortages and hyperinflation, more and more people are turning to alternative medicine to treat common ailments in the crisis-wracked South American country,” reports Yahoo News.
“We go to the hospital and there’s nothing there. They don’t have medicines, or they’re too expensive, what are we to do?” said Rosa Saez, 77.
“Rosales’ clinic is muggy with the smell of tobacco. A crucifix suspended from a chain around his neck, he practices a seeming mixture of smoke-blowing shamanism, plant-based medicine and mainstream religion,” adds the website.
The hyper-inflation destroying Venezuela’s already-failing economy reached unprecedented levels earlier this year; prompting the government to issue new 50,000 Bolivar bank notes -worth about $8 in the United States.
“Venezuela is releasing new banknotes for the second time in less than a year, the central bank said on Wednesday, after hyperinflation eroded the effects of an August 2018 monetary overhaul meant to improve availability of cash,” writes the Guardian.
“Banknotes of 10,000, 20,000 and 50,000 bolívar denominations will begin circulating on Thursday to ‘make the payment system more efficient and facilitate commercial transactions, the central bank said in statement,” adds the report.
Read the full report at Yahoo News.
CRISIS DEEPENS: ‘Millions’ of Venezuelans Without Water, Food, Medicine
A series of crippling blackouts are rapidly escalating Venezuela’s severe humanitarian crisis this week; with local media reporting “millions” are coping with a lack of water, food, and medical supplies across the impoverished country.
“Millions of Venezuelans were left without running water Monday amid a series of massive blackouts, forcing President Nicolas Maduro to announce electricity rationing and school closures as the government struggles to cope with a deepening economic crisis,” writes Yahoo News.
“We have small children and we aren’t able to give them a drop of water to drink,” said one resident.
“We fill up from a well near here but we don’t know if it’s drinkable. But we’re using it,” added another.
Maduro’s recent plan involves closing schools and other government-run facilities as well as “shortening” the national work day to reduce electrical demand.
Read the full report at Yahoo News.
CRISIS DEEPENS: Starving Venezuelans ‘Selling Hair’ for Food, Medicine as Salaries Become ‘Worthless’
Venezuela’s starving citizens continued their struggle to secure food and other basic necessities in recent days; with countless women “selling hair” for upwards of $100 as hyperinflation has rendered the country’s currency “nearly worthless.”
“Increasing numbers of women in poor neighborhoods are selling their hair for use in wigs and extensions as the demands of daily survival force them to abandon the kind of self-care long an obsession with a country known globally for its success in beauty pageants. Seven Miss Universe winners have been Venezuelans, as have six Miss Worlds,” reports the Associated Press.
“Some women are washing their hair with dishwashing liquid because they can’t afford to buy shampoo that costs more than the minimum monthly salary, now equivalent to just a few dollars,” adds the author.
International aid organizations believe upwards of three million residents have fled the country since the economic crisis began -roughly 10% of the entire population.
Read the full report here.