Venezuela’s Dollar Dilemma: The Exchange Rate Crisis Deepens

In this episode, we examine the alarming 27% gap between official and parallel dollar exchange rates in Venezuela, a situation that is fueling inflation and public unrest. As consumers resist paying the parallel rate, merchants find themselves in a precarious position, caught between government regulations and rising prices. We delve into the human impact of these economic challenges and explore the grassroots movements emerging in response. Join us on Simply Economics for a deep dive into Venezuela's complex economic landscape and the lessons it offers to other nations facing similar struggles.

Sources:
https://elpais.com/america/2024-10-14/la-brecha-cambiaria-con-el-dolar-se-dispara-en-venezuela-y-enfrenta-a-clientes-y-comerciantes.html
https://polemon.mx/amlo-dejo-a-sheinbaum-economia-al-alza-e-inflacion-a-la-baja/

Outline:
(00:00:00) Introduction
(00:00:38) The exchange gap with the dollar shoots in Venezuela and faces customers and merchants
(00:02:54) AMLO left Sheinbaum economy and downward inflation