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In Venezuela, a Bottle of Whisky Costs 16 Years of Wages

Tuesday, July 17, 2018, 10:37 AM

A litre of top-shelf Scotch whiskey in Venezuela's capital Caracas now costs one billion bolivars, equivalent to the sum earned by a minimum-wage worker in 16 years. Owing to the country's hyperinflation, a cup of coffee in Caracas now costs about one million bolivars. The inflation in Venezuela has climbed to over 60,000%, according to the source.

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