IN VENEZUELA, SOCIAL NETWORKS AND WHATSAPP GROUPS BECAME TRADING PLATFORMS, BUYING CASH AND SELLING IN DOLLARS

The most popular social networks and messaging groups such as WhatsApp, have become in Venezuela economic transaction platforms to meet food and hygiene needs, or to try to safeguard against the voracious hyper-inflation that affects Venezuelan families due to the deep economic crisis that the country suffers.

SOURCE

Given the shortage of medicines, cash or basic food items that are no longer accessible to the majority of the Venezuelan citizen, changes or exchanges have become more frequent every day.

In WhatsApp, the messages of changes of a kilo of pasta are becoming more frequent, for example, for some of maize flour, a medicine for another, a food article for some medicine, sale of articles in a price by bank transfer and another price in cash.

Messages relating to the purchase of cash are equally frequent, due to the lack of monetary liquidity that reigns in the country, as well as the sale of used goods in dollars, the latter, as people refer, to prevent it from becoming nothing for the daily devaluation suffered by the Bolivar.

Facebook, Instagram and email lists are other channels to which Venezuelans have come, before the collapse of the economy.

Bartering is not only done via social networks. It has become frequent, in the absence of cash on the street, to observe the payment of services such as transportation, using a product such as an egg or a can of tuna, instead of cash.