In Venezuela, five years of severance pay now buys a coffee

© AFP / by Esteban ROJAS | Venezuelan president Nicolas Maduro announcing the increase of the montly minimum wage

France 24
5/1/2018

Excerpt:

CARACAS (AFP) – 

When Yolanda Abreu got her check for severance pay after five years working as a cardiologist, she let out a laugh of sheer disbelief: it was barely enough for a cup of coffee.

Like her, millions of Venezuelans have seen their salaries decimated by rampant hyperinflation that is expected to drive prices up by 13,000 percent this year, IMF figures show.

Her story hit the headlines after she tweeted a photo of the check for 156,584.29 bolivars, which equates to about $0.20 on the black market.

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