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. The forced Daka price changes helped Venezuela's ruling party, PSUV, win in some of the municipal elections, though the massive sale of goods caused further shortages in the months following the initiative.

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.
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