The government Venezuela has seized nearly 4 million children's toys a toy distributor. It will give the toys to children free or discounted prices time for Christmas. The government says the distributor was unfairly charging high prices the toys, which meant only the richest people could buy them. Venezuela has one the highest rates inflation the world. This is the rate at which prices go . The IMF says the rate could be as much as 2,000 per cent 2017. Many Venezuelans can't afford to buy non-essential items like toys. Even a jar Nutella can cost half the monthly minimum salary. the past few months, Venezuela has also ordered price cuts clothes.
total, the government seized 3,821,926 toys two warehouses. It tweeted: "Our children are sacred. We will not let anyone rob them Christmas. Boys and girls this country will have a happy Christmas." The government said the toy distributor was keeping the toys of the shops to reduce their supply and so increase prices. The government also accused the company buying them dollars it got at very low rates several years ago and now wanted to sell the toys much higher prices. The toy distributor has said it has done nothing wrong and was not trying to sell the toys high prices to make huge profits. It said many of the toys were of fashion.
