Venezuela: Hyperinflation In A Country Where No One Has Any Cash

Venezuela has been in such a deep state of political and economic crises for so long, that its citizens have fled throughout the region. According to Business Insider, some are going as far afield as Spain. Those who remain are living in a deeply divided country, where President Nicolas Maduro maintains power in spite of rampant shortages, high rates of crime and violence, and a deteriorating economy. The country is experiencing hyperinflation, so cash is worthless. At the same time, nobody has any cash, so most transactions are done with credit and debit cards. However, the nation's electronic infrastructure is crumbling, which presents serious logistical problems.