Tue, 15 August 2017
This South American nation is edging toward the economic brink after an internationally condemned election last month created an all-powerful congress loyal to Maduro. Since the July 30 vote, the value of the local currency, the bolívar, has fluctuated more wildly than ever, a significant feat for a country saddled with the world’s highest inflation rate. As a result, street prices for staples such as bread and tomatoes have doubled in less than two weeks. |