Barter Shopping is Widespread in Venezuela

With a 12-month inflation rate of 2.688.670%, Venezuela is really going through hard times. With the sanctions imposed by the USA, the people of the country, which is expected to close 2019 between 10 million and 20,000,000 inflation, are looking for new ways of shopping. The most interesting of these ways was the barter system.


The information obtained as a result of the interviews is truly astonishing. Beudis Martinez, who fishes in Los Cocos in Puerto La Cruz, Venezuela, says he can’t find customers to sell the fish he catches. For example, for one package of milk powder owned by a customer, he gives 24 kg of fish.


In Venezuela, where it is difficult to reach meat and chicken products, the people have turned to fish products to meet the protein they need. Owning a rusty wrench, the citizen wanders around the vendors to trade it for a packet of pasta.


It is said that the biggest difficulty in supplying is in case of illness and finding medicine in Venezuela is more difficult than almost anything else. In Venezuela, where there are frequent power cuts, exchanging large amounts of fish is not viewed positively. Since the refrigerators will not work during power cuts, the fish are spoiled. Buying a small amount of fish at one time leads to a decrease in fish prices.


It is stated that you have to pay a fee of 192 dollars to buy 24 kg of fish in European fish markets, while the equivalent of 24 kg of fish in Puerto de la Cruz is just a pack of sugar. Former President Hugo Chavez, in a speech he gave in 2006: “Our understanding of socialism is based on solidarity. Therefore, we must promote a market that will validate barter, the exchange of goods for money.” He pointed out the importance of exchange. However, we do not think that Chavez imagined such a future behind this speech.

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