Venezuelan streets quiet after currency devaluation


  • World
  • Tuesday, 21 Aug 2018

Venezuelan 100 bolivar notes thrown by people in a trash bin are seen at a gas station of the Venezuelan state-owned oil company PDVSA in Caracas, Venezuela. REUTERS/Marco Bello

CARACAS/VALENCIA, Venezuela (Reuters) - Venezuela's streets were quieter than normal on Tuesday, as a currency devaluation and package of economic measures by socialist President Nicolas Maduro went into effect, and the opposition asked storekeepers to shut up shop in protest.

The OPEC nation on Monday cut five zeros from prices and pegged the country's currency to an obscure state-backed cryptocurrency, as part of a broad set of measures meant to address hyperinflation and an economic crisis.

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