00:00Venezuela's currency has lost more than 80% of its value over the past year
00:05as inflation and rising living costs continue to squeeze the economy.
00:10The Bolivar closed at 301 to the US dollar in its final trading session of the year,
00:16down from 52 to the dollar at the end of last year.
00:22Analysts said the sharp depreciation is fueling higher consumer prices,
00:26deepening already severe economic pressures on households across the country.
00:31The currency slump comes as President Nicolas Maduro's government
00:35faces increasing pressure from the United States under President Donald Trump.
00:40Washington has stepped up sanctions, imposed maritime restrictions
00:43and tightened security measures targeting Venezuela, adding to strains on the economy.
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