10 pictures reveal the huge amounts of cash the people of Venezuela need to buy everyday things

"I came to buy vegetables, but I'm leaving because I'm not going to wait in this line," Alicia Ramirez, 38, a business administrator, leaving a supermarket in the western city of Maracaibo told Reuters. "People are going crazy."

“Venezuela needs big economic changes and we are going to do it ourselves,” Maduro said at a rally in May.

Poor Venezuelans without bank accounts have for months been carrying wads of cash to make basic purchases. Inflation hit 82,700 percent in July as the country's economy continues to suffer, Reuters reported.

President President Nicolas Maduro said economic war is being waged against Venezuela by adversaries, with wealthy business owners raising prices to put pressure on the socialist government. A phenomenon that was also seen in Allende's Chile before the 1973 coup.

He said that the new measures would bring stability to the country.

Empty supermarket shelves have become a common sight.

Maduro has declared a public holiday on Monday when the new bills with lower denominations will be introduced.

Maduro has declared a public holiday on Monday when new bills with lower denominations will be introduced.

Since a decade long oil boom, the decline of Venezuela has seen hundreds of thousands of citizens leave the country by bus across South America in one of the region’s worst migration crises.