Dakazo

Dakazo
Part of Crisis in Venezuela
People grabbing for items in a Venezuelan store
DateNovember 2013 – December 2013
LocationVenezuela
Outcome
  • Looting of stores
  • Shortages of products in appliance stores

Dakazo refers to a set of actions taken by the Venezuelan government forcing consumer electronic retail stores, with Daka being the most prominent, to sell products at much lower prices on 8 November 2013, weeks before municipal elections.[1] The forced Daka price changes helped Venezuela's ruling party, PSUV, win in some of the municipal elections,[2] though the massive sale of goods caused further shortages in the months following the initiative.[1]

  1. ^ a b Lezama Aranguren, Erick (9 November 2014). "La resaca del "dakazo", un año después". El Tiempo. Archived from the original on 12 November 2014. Retrieved 12 November 2014.
  2. ^ Wallis, Daniel; Ore, Diego (30 December 2013). "UPDATE 3-Venezuela says inflation slows, economy grew 1.6 pct in 2013". Reuters. Retrieved 12 November 2014.