Value of 1 kg cheese hits 7.5 million bolivars in Venezuela
Amid US sanctions that prevent Venezuela from accessing foreign currency, the price of 1 kilogram of cheese hit 7.5 million bolivar. This comes as the country plans economic reforms including new banknotes that cut five zeros off its fast-depreciating currency. Recently, the International Monetary Fund has estimated that hyperinflation in Venezuela could cross 1,000,000% this year. 