Pictures show supplies next to the piles of cash needed to buy them in Venezuela

Mail Online | 8/19/2018 | George Martin For Mailonline
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Shocking images show the amount of cash required to buy some basic supplies as Venezuela's hyperinflation spirals out of control.

The striking pictures show food stores like a 2.4kg chicken next to an enormous pile of 14,600,000 bolivars ($2.20) and a stack of bank notes worth 2,600,000 bolivars ($0.40) next to a single roll of toilet paper.

Venezuela - Chaos - Government - Nicolas - Maduro

Venezuela has been thrown into chaos by a socialist government under Nicolas Maduro which has introduced a controversial tranche of fiscal policies.

Unbridled hyperinflation has seen the bolivar devalued to a point where workers need wheelbarrows to carry enough cash for a weekly shop.

Maduro - Reform - Plan - Weekend - Hyperinflation

Maduro unveiled a major economic reform plan this weekend aimed at halting the hyperinflation crisis and will start issuing new banknotes after slashing five zeroes off the crippled bolivar.

The measures - revealed in a speech to the nation late Friday - include a massive minimum wage hike, the fifth so far this year.

Jittery - Venezuelans - Friday - Shops - Lines

Jittery Venezuelans on Friday rushed to shops and formed long lines in preparation for the monetary overhaul.

Shoppers and economists are now concerned Maduro's minimum wage increase could close thousands of stores across the country as companies will no longer be able to pay their workers.

Wage - Increase - Venezuelans - Supplies

Although the wage increase will make it possible for Venezuelans to buy basic supplies, there may not be anywhere open to sell them.

Economists warned that some companies would go under, unable to...
(Excerpt) Read more at: Mail Online
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