Dakazo
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.[6] Head of the Superior Organ for the Defense of the Economy, Hebert García Plaza, later promised that "all the Venezuelan people will have the capacity to obtain a plasma television and a refrigerator of the latest generation".[9] Days later on 10 November 2013, multiple managers of Daka, JVG and Krash were arrested by SEBIN and were prosecuted on charges of unjustified price increases after importing products with dollars obtained at the official exchange rate of 6.3 bolivars.[2] Multiple economists warned that the actions taken by the government during the Dakazo would end up "cannibalizing" the economy, causing even more shortages since importing additional goods into Venezuela following the massive sale of products would be difficult for vendors due to currency controls and the black market exchange rate.
Sources: Datanálisis
Crisis in VenezuelaVenezuelaconsumer electronicretail storesmunicipal electionsNicolás MadurocapitalismcolectivosCaracasValencia2013 Venezuelan municipal electionsShortages in VenezuelaSamsungChristmas seasonEconomic policy of the Nicolás Maduro governmentEconomy of VenezuelaEl TiempoDiario 2001Fox NewsThe GuardianReutersÚltimas NoticiasEl NacionalPanAm PostProtests against Nicolás MaduroVenezuelan presidential crisisHistory of Venezuela (1999–present)COVID-19 pandemicEconomic crisisBolivarian missionsBolivarian RevolutionBolivarianismCensorshipChavismoDefectionsDevaluation of the Venezuelan bolívarEconomic policies under Nicolás MaduroEnergy crisisZulia energy collapseHyperinflationIllegal drug tradeInternational sanctionsU.S. sanctionsInterventions of political partiesNegotiationsRefugee crisis and diasporaResource shortagesState protectorsState-sponsored terrorismStates of emergency in VenezuelaCatatumbo campaignPemon conflictCoronavirus pandemicColombian diplomatic crisisDeath of Franklin BritoPDVAL affairParliamentary electionIII National Assembly of VenezuelaAmuay tragedyPresidential electionRegional electionsDeath of Hugo ChávezLa Salida2014 proteststimelinePanama diplomatic crisis (1st)Defense of Human Rights and Civil Society ActDetention of Antonio LedezmaColombian diplomatic/migration crisisResolution 86102015 protests (timeline)Narcosobrinos affairIV National Assembly of VenezuelaTumeremo massacre (1st)Recall referendum movement2016 protests (timeline)Constitutional crisisMother of All MarchesCaracas helicopter incidentReferendumNational Assembly attackConstituent Assembly electionMembersAttack on Fort ParamacayDeath of Carlos Andrés GarcíaLaw against Hatred2017 protestsEl Junquito raidPresidential campaign of Nicolás MaduroValencia firePanama diplomatic crisis (2nd)El Paraíso stampedeCaracas drone attackDetention of Juan RequesensEconomic reforms and Viernes RojoMurder of Fernando AlbánTumeremo massacre (2nd)2018 protests (timeline)Inauguration of Nicolás MaduroVenezuela TPS Act of 2019Plan PaísHumanitarian aid missionAmnesty LawVenezuela Aid LiveStatute Governing the Transition to DemocracyMurder of Alí DomínguezWidespread blackoutsDetention of Roberto Marrero30 April uprising attemptAcarigua prison riotDeath of Rafael Acosta ArévaloAttack of Rufo ChacónDeath of Juan Carlos MárquezMurder of Edmundo RadaOperación Alacrán2019 protestsNational Assembly leadership electionDeath of Addy ValeroCagua fireBarquisimeto shootingGuanare prison riotOperation GideonEl Palito oil spillDetention of Alex SaabV National Assembly of VenezuelaLa Vega raid