- Venezuela’s collapsing currency and economy (6,567% inflation) have forced its citizens and local businesses to adopt the US dollar.
- Since Venezuelan banks are barred from offering foreign currency bank accounts, many have resorted to keeping their savings “under the mattress” in personal safes and homes.
- This shift has sparked worries about a potential crime wave, with everyday citizens increasingly vulnerable targets.
- Despite economic distress, Venezuela’s crime has declined due to higher ammunition prices and 5 million of the poorest migrating to neighboring countries.
