GLOBAL ECONOMY

How vendors in the Venezuelan black market manage to get scarce goods
Since the shortage of basic commodities became an everyday problem in the socialist nation, informal networks have started supplying new lines of merchandise.
http://www.foxnews.com/">Fox News
http://www.foxnews.com/

VZ_Black_Market_top

Powdered milk is one of the most popular products offered by street vendors in Petare and other public sector in Caracas. They sell it up to five times the original price. (Photo: Franz von Bergen/Fox News Latino)

VZ_Black_Market2

Street vendors offer soap for three times the original price. (Photo: Franz von Bergen/Fox News Latino)

VZ_Black_Market3

The black market price of shampoo is up to four times its original value, from 36 bolívars ($5.70) to 120 or 140 ($19 or $22) depending on the seller's spot. People still buy it. (Photo: Franz von Bergen/Fox News Latino)

VZ_Black_Market4

On Twitter, Venezuelans are trading hard-to-find products, especially diapers. People buy any size they find, and they try to trade the ones they bought for the size they actually need. (Image: Twitter)

VZ_Black_Market6

At the Venezuelan site for mercadolibre.com, a website modeled after Amazon, some products that are hard to find, like hair gel, are being sold with no price restrictions. The price for a 2.2-lb. bottle is 1,449.99 bolívars ($238). 

VZ_Black_Market5

Earlier this year, a group of unidentified people created a Twitter account to sell basic goods. It was denounced to authorities and stopped functioning at the end of January. (Photo: Twitter)

How vendors in the Venezuelan black market manage to get scarce goods

Since the shortage of basic commodities became an everyday problem in the socialist nation, informal networks have started supplying new lines of merchandise.

More From Our Sponsors