FIRST AIRED: March 23, 2017

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Transcript

00:00:01
>> Amidst the economic crisis crippling Venezuela, the country has now stopped publishing money supply data. In a nation all ready worried about inflation, that sent fears skyrocketing. Reuters correspondent Girish Gupta in Caracas.>> It might seem that money supply is just another boring technical indicator that no one but an economist would care about.
00:00:22
In most countries that's true, however in Venezuela, it means that 2000 bills like this are worth just over a dollar.>> Critics say Venezuela's unraveling socialist system has triggered what is thought to be the highest inflation in the entire world. And chronic shortages of even the most basic goods.
00:00:40
>> People are queuing up at supermarkets for hours and hours every single day. Queues can range to hundreds of thousands of people. Lootings and fights take place every single day.>> President Nicolas Maduro, who is deeply unpopular right now, blames the crisis on an economic war being raged against his government by the opposition and the United States.
00:01:01
But he's not giving any evidence for this. The government stopped releasing the weekly data on money supply without any explanation last month. Critics say the government is suppressing the information to hide the magnitude of the economic crisis, the fact that it's printing money and spending beyond it's means.