Venezuelans race to spend before devaluation

Venezuelans swamped stores on Tuesday to snap up everything from washing machines to plane tickets in a last-minute wave of panic-buying ahead of a 32 per cent currency devaluation.

Venezuela will devalue its currency against the US dollar from Wednesday on the orders of President Hugo Chavez, who is convalescing in Cuba following cancer surgery in December.

Rolando Morales left the store with gear to set up in his new gym.

via Business feed http://www.scmp.com/business/economy/article/1149295/venezuelans-race-spend-devaluation