In the last year Venezuela’s economy shrank by 19 percent, according to leaked reports from Venezuela’s central bank. With hyperinflation at a rate of 800 percent, Venezuelan mafias began to create their own shadow currency exchange system for a profit.
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Black market dealings in Russia are estimated to be about $49.04 billion in value, and this is especially prominent in the education system. Many achieve success and influence by taking advantage of the system to get titles and positions that they did not earn.
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An estimated 200,000 Indians need an organ transplant every year. This large consumer base, coupled with India’s strict donation laws, have increased demand for illegal organs drastically.
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Reliance on credit cards and overspending has caused unwanted inflation and crippled Turkey’s commercial market. The current taxation methods were intended as a solution to this overspending, but instead created a shadow market for alcohol.
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