FILE PHOTO: Venezuelan bolivar notes and cigarettes on sale are seen in a basket in downtown Caracas, Venezuela January 9, 2018. REUTERS/Marco Bello
SAN ANTONIO/MARACAIBO, Venezuela (Reuters) - In San Antonio del Tachira, like scores of Venezuelan towns near the border with Colombia, if you want to buy food or medicine it is no use amassing huge piles of bolivar currency. You need Colombian pesos or U.S. dollars.
Hyperinflation running above 2 million percent per year in Venezuela has made the Venezuelan bolivar practically worthless. For those without electronic payment cards, foreign currency has become the only practical means of trade within the South American country.
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