Venezuelans rush to shop, fill tanks before monetary overhaul


  • World
  • Saturday, 18 Aug 2018

People line up to withdraw cash from an automated teller machine (ATM) outside a Banco Mercantil branch in Caracas, Venezuela August 17, 2018. REUTERS/Marco Bello

CARACAS/MARACAIBO (Reuters) - Jittery Venezuelans on Friday rushed to shops and lined up at gas stations on concerns that a monetary overhaul to lop off five zeros from prices in response to hyperinflation could wreak financial havoc and make basic commerce impossible.

Shoppers sought to ensure their homes were fully stocked with essentials such as food and dry goods and their tanks full before the measure decreed by President Nicolas Maduro takes effect on Monday.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

On Orthodox Easter, Zelenskiy calls on Ukrainians to unite in prayer
Russia blames Baltic countries for the severing of most ties
Panamanians vote in crowded field of presidential contenders
Putin attends Easter service led by head of Russia's Orthodox Church
Fake videos of Modi aides trigger political showdown in India election
Australian police shoot boy dead after stabbing with 'hallmarks' of terrorism
Togo ruling party wins sweeping majority in legislative poll, final provisional results show
Dead bodies in Mexico most probably are missing U.S., Australian surfers
Roundup: Tanzania battles devastating floods triggered by torrential rains
Think tank report highlights China's approach to modernization

Others Also Read