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The lines snake outside the state-owned banks of Caracas virtually every day as Venezuelans wait to withdraw cash.“We are only in line for transit fare,” a nurse named Karina tells a reporter as she waits to withdraw the maximum 400,000 bolivars.Four hundred thousand bolivars might sound like a lot. It’s not. It’s roughly the equivalent of twenty cents. “With that, you cannot even buy a caramel,” Karina says glumly. By Jon Miltimore. Full Text -> Foundation for Economic Education (FEE)
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