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Aug 21, 2018

Venezuelans rush to shops before monetary overhaul

Venezuelans rush to shops before monetary overhaul

Jittery Venezuelans on Friday rushed to shops and formed long lines in preparation for a monetary overhaul that will remove five zeros from prices in response to hyperinflation that has made cash increasingly worthless. Shoppers sought to ensure their homes were stocked with food before the measure decreed by President Nicolas Maduro takes effect on Monday, on concerns that confusion among merchants and overtaxed banking systems could make commerce impossible.

Venezuelans rush to shops before monetary overhaul
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A package of 1kg of pasta is pictured next to 2,500,000 bolivars, its price and the equivalent of 0.38 USD, at a mini-market in Caracas, Venezuela August 16, 2018. It was the going price at an informal market in the low-income neighborhood of Catia. CARLOS GARCIA RAWLINS/REUTERS

Venezuelans rush to shops before monetary overhaul
2

A 2.4 kg chicken is pictured next to 14,600,000 bolivars, its price and the equivalent of 2.22 USD, at a mini-market in Caracas, Venezuela August 16, 2018. It was the going price at an informal market in the low-income neighborhood of Catia. CARLOS GARCIA RAWLINS/REUTERS

Venezuelans rush to shops before monetary overhaul
3

A bar of soap is pictured next to 3,500,000 bolivars, its price and the equivalent of 0.53 USD, at a mini-market in Caracas, Venezuela August 16, 2018. It was the going price at an informal market in the low-income neighborhood of Catia. CARLOS GARCIA RAWLINS/REUTERS

Venezuelans rush to shops before monetary overhaul
4

A kilogram of cheese is pictured next to 7,500,000 bolivars, its price and the equivalent of 1.14 USD, at a mini-market in Caracas, Venezuela August 16, 2018. It was the going price at an informal market in the low-income neighborhood of Catia. CARLOS GARCIA RAWLINS/REUTERS

Venezuelans rush to shops before monetary overhaul
5

A package of 1kg of rice is pictured next to 2,500,000 bolivars, its price and the equivalent of 0.38 USD, at a mini-market in Caracas, Venezuela August 16, 2018. It was the going price at an informal market in the low-income neighborhood of Catia. CARLOS GARCIA RAWLINS/REUTERS

Venezuelans rush to shops before monetary overhaul
6

A package of 1kg of corn flour is pictured next to 2,500,000 bolivars, its price and the equivalent of 0.38 USD, at a mini-market in Caracas, Venezuela August 16, 2018. It was the going price at an informal market in the low-income neighborhood of Catia. CARLOS GARCIA RAWLINS/REUTERS

Venezuelans rush to shops before monetary overhaul
7

A kilogram of carrots is pictured next to 3,000,000 bolivars, its price and the equivalent of 0.46 USD, at a mini-market in Caracas, Venezuela August 16, 2018. It was the going price at an informal market in the low-income neighborhood of Catia. CARLOS GARCIA RAWLINS/REUTERS

Venezuelans rush to shops before monetary overhaul
8

A package of diapers is pictured next to 8,000,000 bolivars, its price and the equivalent of 1.22 USD, at a mini-market in Caracas, Venezuela August 16, 2018. It was the going price at an informal market in the low-income neighborhood of Catia. CARLOS GARCIA RAWLINS/REUTERS

Venezuelans rush to shops before monetary overhaul
9

A kilogram of meat is pictured next to 9,500,000 bolivars, its price and the equivalent of 1.45 USD, at a mini-market in Caracas, Venezuela August 16, 2018. It was the going price at an informal market in the low-income neighborhood of Catia. CARLOS GARCIA RAWLINS/REUTERS

Venezuelans rush to shops before monetary overhaul
10

A package of pads is pictured next to 3,500,000 bolivars, its price and the equivalent of 0.53 USD, at a mini-market in Caracas, Venezuela August 16, 2018. It was the going price at an informal market in the low-income neighborhood of Catia. CARLOS GARCIA RAWLINS/REUTERS

Venezuelans rush to shops before monetary overhaul
11

A container of 500gr of margarine is pictured next to 3,000,000 bolivars, its price and the equivalent of 0.46 USD, at a mini-market in Caracas, Venezuela August 16, 2018. It was the going price at an informal market in the low-income neighborhood of Catia. CARLOS GARCIA RAWLINS/REUTERS

Venezuelans rush to shops before monetary overhaul
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A toilet paper roll is pictured next to 2,600,000 bolivars, its price and the equivalent of 0.40 USD, at a mini-market in Caracas, Venezuela August 16, 2018. It was the going price at an informal market in the low-income neighborhood of Catia. CARLOS GARCIA RAWLINS/REUTERS

Venezuelans rush to shops before monetary overhaul
13

A kilogram of tomatoes is pictured next to 5,000,000 bolivars, its price and the equivalent of 0.76 USD, at a mini-market in Caracas, Venezuela August 16, 2018. It was the going price at an informal market in the low-income neighborhood of Catia. CARLOS GARCIA RAWLINS/REUTERS

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