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Published On: Tue, Apr 2nd, 2019

Venezuela crisis updates: Water shortages, economy

Venezuelans flocked to the capital city of Caracas with buckets this weekend in search of water. Water shortages plague all in the devastated nation, rich and poor.

Image/CIA

Out of desperation, people are lining up to fill up water flowing from the Avila mountain and national park area, despite warnings that the water is not fit for consumption and could contain bacteria and parasites.

And prices keep on rising in Venezuela as the country’s economic crisis rolls on. This is seen with uncontrollable price rises, a progressive dollarization of the economy and a relative stabilization of both the official and blackmarket exchange rates of the dollar.

The 18,000 Bolivar monthly minimum salary closed the month at the equivalent of 5.5 dollars at the official rate and 4.9 dollars at the black-market rate, while the cost of meeting just the basic food needs of a family in Venezuela closed at an estimated equivalent of 300 dollars.

Watch for more on the Venezuela crisis:

 

 

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