Venezuela: Residential Towers in Caracas Become a Mini Bazaar

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Since mid-March, when the quarantine began in Venezuela, several residents of the El Danal residential complex began to sell food, detergents, liquor, desserts, medical supplies, among other products.

While the phenomena of locating small businesses inside residential dwellings is common practice in small villages low-income neighborhoods; it is quite a new trend in middle-class housing developments that are struggling to maintain security and basic quality of life in a chaotic, failed state.

Most of the neighbors in this building are doctors, lawyers, politicians and members of a battered middle class that had to reinvent itself economically in order to survive the harsh economic conditions of life in Venezuela, in particular since the economic sanctions of 2015, which have been exacerbated by the Pandemic.

The majority of these micro businesses do not have a large stock of merchandise, but rather enough to sell a few units, make a profit and replenish their inventory. Payment methods are in cash, international transfers or in Venezuelan bolivars at the prevailing dollar exchange rate issued by the Central Bank of Venezuela.

Source: BBC

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42500cookie-checkVenezuela: Residential Towers in Caracas Become a Mini Bazaar

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