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With hyperinflation estimated at nearly one million percent, the situation is becoming increasingly stifling for the Venezuelan population, whose minimum wage is about 20 dollars (18,000 bolivars). With this money, they can not access, for example, two kilograms of meat. But, apparently, this hyperinflation – which is expected to reach $ 10 million by the end of the year – is not a problem for Chavez 'management.
The first step of this network denounced by the State Department is that cambio casas owners bribed Venezuelan officials to select them in government affairs
Then, "the exchange houses took advantage of the black market exchange rates in foreign currency transactions".
The owners of the exchange offices, explain the North American authorities, they ended up with the difference between the black market rate and the official rate.
This scheme has led Chavez officials and the owners of foreign exchange offices to get multi-million dollar profits while the Venezuelan people suffered from lack of food and medicine.
The dictator Chavez, however, has repeatedly accused "Speculators" take advantage of the black market in Venezuela.
Last month, the bolivar devalued more than 50% after the new mandate badumed by Maduro, unknown from nearly fifty countries.
As Venezuela experiences turbulent days due to the internal and external pressures required by Maduro's departure from power, almost all senior regime officials are receiving financial sanctions from the United States.
The White House, with the aim of finding a peaceful solution to the crisis, was even willing to free of military leadership sanctions he adheres to the Constitution and turns his back on the Chavista dictator, who badumed a new term six years after fraudulent elections last year.
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