Breaking News English

The government of Venezuela has nearly 4 million children's toys from a toy distributor. It will the toys to children for free or at discounted prices in time for Christmas. The government says the distributor unfairly charging high prices for the toys, which only the richest people could them. Venezuela one of the highest rates of inflation in the world. This is the rate at which prices up. The IMF says the rate could be as much as 2,000 per cent in 2017. Many Venezuelans can't afford to non-essential items like toys. Even a jar of Nutella can half the monthly minimum salary. In the past few months, Venezuela has also price cuts on clothes.

In total, the government seized 3,821,926 toys from two warehouses. It : "Our children are sacred. We will not anyone rob them at Christmas. Boys and girls of this country will a happy Christmas." The government said the toy distributor was the toys out of the shops to their supply and so prices. The government also the company of buying them with dollars it got at very low rates several years ago and now to sell the toys at much higher prices. The toy distributor has said it has nothing wrong and was not trying to sell the toys at high prices to huge profits. It said many of the toys were out of fashion.