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News Link • Venezuela

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

"They called me from Caracas University Hospital to come and collect my check for benefits accrued over five years of service as a level 2 specialist in cardiology and electrophysiology," she wrote on Twitter.

And what will it buy, she wondered indignantly. "A coffee?"

If she had received the check when she resigned in January 2017, it would have been worth $45.

Attorney For Freedom