Venezuela was long known as an economic disaster, with hyperinflation nearing 2 million percent. Now, a remarkable turnaround is underway — at least in the country's most elite pockets.

Bloomberg's Scott Squires reads "Socialist Venezuela Has $200,000 Ferraris and a Bustling Casino" by Andreina Itriago Acosta, Nicolle Yapur, and Ezra Fieser.

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