In a plan designed to tackle hyperinflation, Venezuelan President Nicolas Maduro on Friday announced plans to raise his country's minimum wage and create a single exchange rate pegged to his government's petro-backed cryptocurrency, effectively devaluing the country's currency by 96%, Reuters reported. Venezuelans rushed to shops Friday to stock up on goods before the monetary overhaul — which will remove five zeros from prices — took effect. Hyperinflation has meant piles of cash are needed to buy basic products. Images by Reuters show the daily realities of the crisis. Shoppers rushed to stockpile food before the ... (full story)