August 1, 2024

Venezuela’s New Lettuce-Based Economy Is Good Enough for Now

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People can now buy groceries, medications and other goods that for nearly a decade were impossible to find, thanks to the informal dollarization of the economy and the partial lifting of price controls and import tariffs by President Nicolás Maduro’s government. After years of deprivation, near economic collapse and political chaos, this shift has improved the quality of life for many people across Venezuela. Using the dollar instead of the local currency, the bolívar, has its drawbacks, but it has brought fragile stability, for now. By Virginia López Glass. Full Text -> TheNewYorkTimes

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