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RE: How bad is it in Venezuela?

in #venezuela6 years ago

A country without national production and with more than 40% of its businesses closed, have exposed the serious crisis in the country, a crisis that has increased since the president announced the salary increase of 50 Bs.S ($ 1.50) to 1,800.Bs.S (20 $) an increase of 3,500% what meant for the great majority of Venezuelans a madness.

This means that as the salary increases, the prices of the products will increase.

These businesses are forced to close since they can not afford the payment of their employees as this would mean losing more than 64% of their profits, without forgetting that they have to pay taxes to the government which means 16%, they practically remain in red numbers with losses greater than 72%.

Thousands of people are losing their jobs due to this situation, and consequently thousands of families have lost that small inflow of money, which generates a 66% unemployment in the country.

"We are in a really critical situation, but not only for the lack of products, but also, the most serious thing we have today is the issue of the purchasing power of the Venezuelan," he continued, adding that the forecast for next year is "Good black."

The representative of the Venezuelan merchants also said that they have not acquired foreign currency for two months through the auction system of the Central Bank in the context of exchange control, so they have had to resort to the parallel illegal market.

"Nowadays, all imports" are being made "on a parallel dollar, which leads to (...) that price dynamics in the black market also apply to the price dynamics that establishments have in their products and services".

Venezuela is on the red line and every day is more sinking in an economic crisis that presents every day a loss of 54% of small investors who no longer see business future in Venezuela.

As a Venezuelan I find myself in the great need of having to work in 3 different jobs in order to help my family, we are in a crisis that is already ending with the small future we have left. @themarkymark