VOICED : Caracas rebajas forzadas estante vacio

In Caracas, long lines form outside stores as President Maduro's decree to cut prices aims to combat over 50% annual inflation. While products are discounted up to 70%, they quickly vanish from shelves as workers receive annual bonuses. Merchants face difficulties restocking due to strict currency controls, forcing many to turn to the black market where the dollar is valued eight times higher than the official rate. With Christmas approaching, many return home empty-handed due to these economic challenges.

What was the main reason for the long queues in front of Caracas stores?

• A new product launch

• Price cuts announced by the government

• A holiday sale

• Store closures

How much were some products discounted by during the price cuts?

• Up to 90%

• Up to 70%

• Up to 50%

• Up to 30%

Why are merchants worried about restocking their products?

• High import taxes

• Lack of demand

• Insufficient foreign currency from the government

• Competition from online stores

What is a consequence of the strict currency control in Venezuela?

• More people turning to the black market

• Increased tourism

• Lower inflation rates

• Higher official exchange rates

What challenge do consumers face as the holiday season approaches?

• Lack of holiday decorations

• Empty store shelves

• Increased travel restrictions

• Higher prices for imported goods