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Tight credit, high inflation push Venezuelans to layaway purchases

Some retailers in Venezuela are turning to old-fashioned layaway purchase offers to help customers buy everything from home appliances to shoes and motorcycles, as sky-high inflation and tight credit restrictions cut off other avenues for shopping. Though the government of President Nicolas Maduro relaxed currency controls in 2019, leading to a slight recovery for the crisis-hit country, this year the highest price growth in Latin America, shrinking wages and falling consumption have again batt...
United States Distrito Federal Emelia Sithole Matarise Ernesto Urdaneta Mariela Nava Mayela Armas
Source: yahoo.com

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