For a glimpse into Venezuela’s economic disarray, slip into a travel agency here and book a round-trip flight to Maracaibo, on the other side of the country, for just $16. Need a book to read on the plane? For those with hard currency, a new copy of “50 Shades of Grey” goes for $2.50. Forget your toothpaste? A tube of Colgate costs 7 cents.
Quite the bargain, right?
But for the majority of Venezuelans who lack easy access to dollars, such surreal prices reflect a tremendous currency devaluation and a crumbling economy expected to contract 7 percent this year as oil income plunges and price controls produce acute shortages of items including milk, detergent and condoms.
See more at:
http://www.nytimes.com/2015/02/23/world/americas/amid-venezuelas-economic-chaos-a-political-crackdown.html?ref=world