UNEXPECTEDLY: Fish for flour? Barter is the new currency in collapsing Venezuela.
Julio Blanco, a 34-year-old motorcycle driver in Caracas, said he now allows trusted clients to make payments by bank transfer because there is simply not enough cash available.
“I prefer food as payment,” said Blanco, while waiting for customers at the poor west end of Caracas. “I do services for food in order to survive.”
In the hillside Caracas slum of La Vega, home to 124,000 people, Alfredo Silva offers a haircut for 1 million bolivars, about 30 cents at the black market exchange rate.
He accepts transfers or food but sometimes takes clients to a nearby butcher shop and asks them to buy him something worth the same as the haircut.
In Rio Chico, Marvin Guaramato arrives at the lagoon driving a car loaded with boxes of oil, pasta and corn flour, which is used to make a Venezuelan grilled pancake known as arepas.
The fishermen scramble to swap their catch in a brief and confused frenzy. One of them, Reinaldo Armas, was satisfied to have picked up products for family members in his village.
Still, sometimes he doesn’t manage to exchange his catch for anything, he says.
“Some days, I spend five hours without swapping anything and I have to take all that fish home,” he said.
Socialism — in his case literally — stinks.