Dollar’s Growing Dominance in Venezuela Leaves Locals ‘Short-changed’

Since a sudden liberalization of Venezuela’s economy at the end of 2018, routine purchases increasingly have been made in U.S. dollars rather than the South American country’s virtually worthless bolivar currency.

RIO DE JANEIRO, BRAZIL - With her arms full of US$11.87 worth of bananas, red peppers and onions, an elderly woman at a produce stand in western Caracas approaches vendor Walquiria Garcia and offers to pay with a US$10 or US$20 bill.

A flustered Garcia disappears into a closet, re-emerges, takes the US$10 note and scribbles, “owes US$1.87” on the back of an old crumpled receipt that the customer is to bring on her next shopping trip.

Since a sudden liberalization of Venezuela’s economy at the end of 2018, routine purchases increasingly . . .

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