Venezuelans turn to bartering for services | Money Talks

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Venezuelans turn to bartering for services | Money Talks

Venezuela is removing five zeroes from its currency in a bid to tackle skyrocketing inflation which the International Monetary Fund predicts will hit a staggering 1M% this year. The new 'sovereign bolivar' will be pegged to Venezuela's oil-backed cryptocurrency, the petro. President Nicolas Maduro has also announced a 3,000% hike in the minimum wage. As Juan Carlos Lamas explains from Caracas, Venezuelans struggling to make ends meet are now bartering food for services.