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Venezuela's shopkeepers take fright at Maduro's latest moves

Monday, August 20, 2018 - 01:44

Venezuela on Monday slashed five zeros from prices as part of a plan President Maduro says will tame hyperinflation but critics see as pushing the country deeper into crisis. Store owners, meanwhile, are wrestling with an anguishing decision: close up shop, or hit customers with steep price hikes to pay for a 60-fold increase to the minimum wage. David Pollard reports.

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Venezuela on Monday slashed five zeros from prices as part of a plan President Maduro says will tame hyperinflation but critics see as pushing the country deeper into crisis. Store owners, meanwhile, are wrestling with an anguishing decision: close up shop, or hit customers with steep price hikes to pay for a 60-fold increase to the minimum wage. David Pollard reports.

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Venezuela's shopkeepers take fright at Maduro's latest moves

Monday, August 20, 2018 - 01:44