Venezuela Hikes Salaries in 95% Devaluation Amid Hyperinflation

Photo of Venezuela Hikes Salaries in 95% Devaluation Amid Hyperinflation
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Motorcyclists drive through the Petare neighborhood of Caracas, Venezuela, on Tuesday, July 24, 2018. The IMF forecasts that Venezuela's inflation will skyrocket to 1 million percent by the end of the year as the government continues to print money to cover a growing budget hole. Photographer: Carlos Becerra/Bloomberg

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