Dollar's growing dominance in Venezuela leaves locals 'short-changed'

Section:

By Sarah Kinosian and Mayela Armas
Reuters
Thursday, December 31, 2020

CARACAS, Venezuela -- With her arms full of $11.87 worth of bananas, red peppers and onions, an elderly woman at a produce stand in western Caracas approaches vendor Walquiria Garcia and offers to pay with a $10 or $20 bill.

A flustered Garcia disappears into a closet, re-emerges, takes the $10 note and scribbles "owes $1.87" on the back of an old crumpled receipt that the customer is to bring on her next shopping trip.

... Dispatch continues below ...



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Since a sudden liberalization of Venezuela's economy at the end of 2018, routine purchases increasingly have been made in U.S. dollars rather than the South American country's virtually worthless bolivar currency.

But a chronic shortage of denominations of less than $20 has forced businesses to come up with improvised workarounds ranging from makeshift vouchers and customer IOUs to offers of additional products in place of change. ...

... For the remainder of the report:

https://www.reuters.com/article/us-venezuela-economy/dollars-growing-dom...

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