World

Venezuela reeling under massive inflation; milk selling at Rs 80000 per liter

The economic situation of Venezuela, which has one of the largest oil reserves in the world, is not hidden from anyone. At present, the situation has worsened so much that people are forced to leave the country and flee to Colombia adjacent to its border. Colombia has sought help from the world on humanitarian grounds to deal with this crisis. Both countries are also showing allegations against each other on this economic crisis. However, Colombia claims that nearly one million people have come from Venezuela on their side. Here, there is a huge shortage of medicines as well as food and drinks at the present time. Doctors are advising their patients to go to other countries to get treatment. Venezuela is also one of the most dangerous countries in terms of security. Apart from this, the US has also feared the military coup in Venezuela.
This crisis of Venezuela has not been born overnight, but for almost two years, the people of this country are forced to live in similar circumstances. The inflation is so high that due to the decline in currency in the country, one liter of milk is being sold for more than 80 thousand rupees. At the same time, only one kilogram of meat will come in 3 lakh rupees.  Venezuela’s government, on the other hand, is currently failing to end this financial crisis.
The biggest reason for this crisis in Venezuela is the decline in crude oil prices globally. Apart from this, the wrong policies of the government are also responsible for it somewhere. The European Union and Venezuela’s neighboring countries Mexico, Brazil, Argentina, Chile, Spain, has now been completely against it. Not only that countries like Peru,are also speaking up against the dictatorial regime. In fact, there is a conference in April in Lima,Peru in which many countries have agreed not to invite Venezuela’s President and welcome him. This has happened when Venezuelan President Nicolas Maduro agreed to go to the conference.

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