Venezuela's Maduro cuts prices of toys, computers in 'Merry Christmas' plan

November 13, 2014 10:38 PM

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Venezuela's Maduro cuts prices of toys, computers in 'Merry Christmas' plan

President Nicolas Maduro has launched a plan dubbed "Operation Merry Christmas" to lower the cost of toys, clothes and appliances for shoppers, potentially boosting his slumping poll numbers as the country struggles with a weakening economy.

With soldiers selling subsidized holiday food and some 27,000 government inspectors leaning on private businesses to cut prices, Maduro hopes to take the edge off the country's 63 percent inflation during the Christmas shopping season.

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