Venezuela’s banks are facing a daily struggle to support their customers in the face of astronomical inflation and an economy caught in a rapid spiral.
The South American country – with a population of 31.4 million people – is suffering from the most bleak economic circumstances on the planet, outside a warzone. This year’s catastrophic slump in gross domestic product (GDP) follows a 5.7% decline in 2015 and 3.9% in 2014, according to the International Monetary Fund.