This article appeared online at TheNewAmerican.com on Wednesday, November 22, 2017:
It took 41,000 bolivars of the Venezuelan currency to purchase a single American dollar on November 1. Three weeks later it took 84,000 bolivars. Back on January 1 Venezuelans could trade just 3,100 bolivars to purchase a dollar. Patrick Gillespie, writing for CNNMoney, did the calculation: Inflation in Venezuela is running at a rate of 4,000 percent a year.
Which explains why Venezuelans are increasingly turning to barter in order to survive. A loaf of bread can be traded for