Dollar scarcity in Venezuela forces small firms to raise prices, turn to crypto
Dollar scarcity in Venezuela forces small firms to raise prices, turn to …
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Venezuela introduces new currency, drops six zeros
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ALJAZEERA
As Venezuela’s economic crisis deepened, the national currency rapidly became unusable. At the height of hyperinflation, prices surged so fast that money lost value within hours. Even carrying stacks of bolívars was often insufficient to purchase everyday essentials. With the currency in free fall, informal trade resurfaced. Many people turned to bartering, while US dollars and digital currencies emerged as practical alternatives. Salaries became virtually worthless, losing purchasing power befo
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