A package of nappies is pictured next to 8,000,000 bolivars, its price at a mini-market in Caracas, Venezuela. It was the going rate at the shop in the low-income neighbourhood of Catia. All pictures by Reuters

Hyperinflation in Venezuela - in pictures



Venezuela has devalued its currency by about 95 per cent ahead of the rollout of a new bolivar as part of a recovery plan that seeks to loosen the grip of hyperinflation on the country.

In recent weeks, goods have skyrocketed in price, leaving locals needing piles of cash to purchase household essentials.

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Read more:

Brazil to send troops after clashes at Venezuela border

Venezuela devalues currency by 95 per cent ahead of new bolivar launch

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