Economic Report - Concerns Grow About Pakistan's Economy

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is facing a number of economic problems. Inflation is putting pressure many businesses. Rotzen Villabon owns a gift store. But his business American dollars to import products made in China. He is unable exchange Venezuelan money for dollars at the official exchange rate of 6.5 bolivares to the dollar. He says the supply of dollars even limited on the black market, where dollars cost much more. says that is why business at his store is down. Venezuela the highest rate of inflation in South America. In February, Venezuela the value of its currency by one third, which has made more costly. The economic troubles have resulted in shortages of products - - from necessities like food to beauty products. Venezuela is a major exporter. The nation's oil wealth paid for many social programs during 14-year-rule of former president Hugo Chavez. But Venezuela's recent presidential election there are divisions in the country. Nicolas Maduro was declared the of a close election over opposition candidate Henrique Capriles on April Mr. Capriles disputed the vote and called for a recount. Henrique is a lawyer. He promised to open the economy to foreign . Nicolas Maduro is former union leader. He served as vice president Mr. Chavez before the president died of cancer last month. Mr. promised to continue the social policies and programs of Mr. Chavez. supporters, the election was about saving programs for free housing, health and education. For VOA Learning English, I'm Carolyn Presutti.

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