Temir Porras on Venezuela’s economy

Americas Now

Hyperinflation is defined by inflation that surpasses a rate of 50% a month, for more than 30 days straight. But since December 2016, Venezuela has hit numbers that are even worse.

Temir Porras, former Vice Minister of Foreign Affairs, who served under the late Hugo Chavez, explains how Venezuela is coping with prices rising at an aggressive rate.

Temir Porras on Venezuela's economy

Temir Porras on Venezuela's economy

Hyperinflation is defined by inflation that surpasses a rate of 50% a month, for more than 30 days straight. But since December 2016, Venezuela has hit numbers that are even worse. Temir Porras, former Vice Minister of Foreign Affairs, who served under the late Hugo Chavez, explains how Venezuela is coping with prices rising at an aggressive rate.
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