Venezuela inflation to hit 1,000,000% by year’s end

Calls to ‘dollarise’ the country likely to fall on deaf ears as country nears collapse

Students take part in a protest against Venezuelan President Nicola Maduro in Caracas
(Image credit: Juan Barreto/AFP/Getty Images)

A top UN official has warned that Venezuela is on the verge of turning into an “absolute disaster of unprecedented proportions” after the International Monetary Fund (IMF) predicted the inflation rate in the country could reach 1,000,000% by the end of the year.

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