Venezuela struggles after widespread power cuts

The video highlights the severe power outage in Caracas, Venezuela, affecting daily life and markets. With hyperinflation, local currency is nearly worthless, forcing reliance on foreign currency. People struggle with basic needs like food and water, and infrastructure is collapsing. Despite having the largest oil reserves, the lack of power renders it inaccessible. The situation is dire, with long queues for essentials and a looming national disaster.

What is the main reason for the lack of local currency in Caracas markets?

• The government banned local currency.

• People prefer using digital payments.

• Hyperinflation has devalued the local currency.

• Local currency is only available in banks.

How are vendors coping with the lack of cash in Venezuela?

• They are accepting foreign currencies and bank transfers.

• They are only accepting local currency.

• They have stopped selling goods.

• They are giving away goods for free.

What is the longest nationwide power outage in world history?

• The blackout in India.

• The power outage in South Africa.

• The blackout in New York City.

• The power outage in Venezuela.

What is the irony of Venezuela's oil reserves during the crisis?

• They export all their oil.

• They have no oil reserves.

• They have the largest reserves but can't access them.

• They have oil but no market for it.

What are people in Caracas doing outside supermarkets during the crisis?

• Shopping for groceries.

• Protesting against the government.

• Waiting for them to open.

• Selling homemade goods.