Dollar scarcity in Venezuela forces small firms to raise prices, turn to crypto

Source: Reuters (via feed)




In central Venezuela, the owner of a mid-size pharmaceutical factory faces difficulty obtaining U.S. dollars. He needs dollars to import chemicals and other ingredients. These imports are for products to treat headaches and fevers. The factory’s ability to access dollars is limited. The challenges occur amid a shortage of U.S. currency in the region.

BizTrendWire Insight:

Access to U.S. dollars is important for importing raw materials by manufacturers in Venezuela.


Read full story on Reuters

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