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Tight credit, high inflation push Venezuelans to layaway purchases

Tight credit, high inflation push Venezuelans to layaway purchases
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Tight credit, high inflation push Venezuelans to layaway purchases

Some retailers in Venezuela are turning to old-fashioned layaway purchase offers to help customers buy everything from home appliances to shoes and motorcycles, as sky-high inflation and tight credit restrictions cut off other avenues for shopping. Though the government of President Nicolas Maduro relaxed currency controls in 2019, leading to a slight recovery for the crisis-hit country, this year the highest price growth in Latin America, shrinking wages and falling consumption have again battered the economy. Layaway, where customers pay an initial deposit to reserve a product and then pay the balance in installments, has become a strategy for businesses looking to increase sales, a dozen retailers, business guild presidents and analysts said. ....

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Tight credit, high inflation push Venezuelans to layaway purchases

Tight credit, high inflation push Venezuelans to layaway purchases
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A Look Back At The Weekend in Sports | Channel5Belize.com

A Look Back At The Weekend in Sports | Channel5Belize.com
channel5belize.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channel5belize.com Daily Mail and Mail on Sunday newspapers.

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The Doctor Won't See You Now: Patients Wait Months for Treatment at Vermont's Biggest Hospital | Health Care | Seven Days

The Doctor Won't See You Now: Patients Wait Months for Treatment at Vermont's Biggest Hospital | Health Care | Seven Days
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