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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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