Surviving hyperinflation in Venezuela
France24Claire PACCALIN,Karina CHABOUR,Mayssa AWAD,Romeo
Surviving hyperinflation in Venezuela
In Venezuela, the government has knocked five zeroes off the refurbished Bolívar in a desperate attempt to control hyperinflation. The Bolívar Soberano is anchored to a crypto-currency that was launched earlier this year. In May 2018, Nicolas Maduro was re-elected president in a vote deemed unfair by both the European Union and the United ...
Aug 20, 2018
Hyperinflation in Venezuela Causes
VIDEO: Operation in Venezuela causes flight issues - NewsBreak
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🇻🇪 #Venezuela is knocking five zeroes off its currency in a desperate attempt to control #hyperinflation, which has got so bad a monthly salary of three million Bolívares isn’t enough to buy meat for one family meal. Prices double every few weeks 💸💸💸 📽️ FRANCE 24 reporter Claire Paccalin spent the day with Renny, a taxi driver whose struggle to find an affordable spare part for his car is typical of how frustrating life has got for Venezuelans. | FRANCE 24 English
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Here you can see an illustration of hyperinflation since 1980 until the end of 2018. Since Nicolás Maduro has been in power in Venezuela, the country faces an incredible hyperinflation There is a reason for this: SOCIALISM Or as socialists all over the world would like to say it in a nice way... the so-called "Democratic Socialism of the 21st Century" Edit:In the graphic presentation unfortunately Argentina is missing in the years 1989/1990 with an inflation of approx. 2500 - 3000% on place 2/3
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