A 36-pack of condoms now cost as much as iPhone in Venezuela
SHANE FERRO MARKETS FEB. 5, 2015, 12:29 AM
REUTERS/Christian Veron
Anti-government protesters kiss during a protest against Venezuela’s President Nicolas Maduro’s government in Caracas March 22, 2014.
Venezuela is running out of condoms.
The country is broke. It’s economy is on track to shrink 7% in 2015 alone, in large part due to oil prices being so low. Now its economic crisis is leading to a health crisis.
A lack of contraceptives doesn’t keep people from having sex, it just keeps them from having safe sex.
Bloomberg reports that the country started running out of condoms and other kinds of contraceptives in December. “The condom shortage, caused by a scarcity of dollars among importers, has prices on a website used to find scarce goods soaring and risks aggravating one of South America’s highest HIV infection and teenage pregnancy rates.”
A 36-pack of Trojan condoms are going for 4,760 bolivars (about $750) on Mercado Libre, a site where Venezuelan citizens bid for goods that the country has shortages of. A three-pack is 399 bolivars (about $62).