This is dramatic, since all of us equally deprive of capital, and the president every year increases the volume of liquidity by 900%, which is the main fuel for inflation. This was announced this morning by the President of the Federation of Trade and Industry Chambers and Associations of Venezuela Carlos Lazarrabal.

According to him, in this situation, the authorities are putting an additional blow to the business, forcing to cut prices by 50%, which actually means the collapse of many entrepreneurs.

He also stressed that such decisions are hitting agriculture. Now we plant only 60% of what was produced before, - said the businessman, adding that the level of production in the raw materials sector fell by 60-70%.

Recall, as reported URA-Inform, in Venezuela to date, the national currency, bolivar, fell sharply in price. At the same time, food prices rose sharply. As reported on Thursday, November 23, CNN Money, Bolivar lost 96% of the value from the beginning of 2017.