Life's a struggle as Venezuela inflation heads for one million per cent
As a five-year crisis continues, people are unable to afford food and medicine – even as Nicolás Maduro tightens his grip on presidential power
Two years ago, shoppers in Venezuela would pay fruit sellers like José Pacheco with boxfuls of 100 bolívar notes – then the currency’s highest denomination. Now, thanks to rampant hyperinflation, even those are useless.
“It’s crazy to accept notes of 100, 500, or 1000 bolívares,” said Pacheco, a wiry 61-year-old, whose humble stall clings to the fringe of one of the major markets in Ciudad Guayana, a city in Venezuela’s southern Bolívar state.