Latin America

GatoGordo

(2,412 posts) Sun Feb 18, 2018, 06:33 PM Feb 2018

Another devaluation of the VZ Bolivar Fuerte coming... maybe the Bolivar MUY Fuerte?

Link to tweet

That's right... lop off another 3 zeros and instantaneously, hyperinflation evaporates! Your Bolivar is now worth 1000x more!

The Venezuelan currency has devalued over 41,879,609% since Chavez was sworn in on February, 1999

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Another devaluation of the VZ Bolivar Fuerte coming... maybe the Bolivar MUY Fuerte? (Original Post) GatoGordo Feb 2018 OP

Jose Guerra's tweet in English - as well, your input is so valuable...thank you.. asiliveandbreathe Feb 2018 #1

asiliveandbreathe

(8,203 posts)

1. Jose Guerra's tweet in English - as well, your input is so valuable...thank you..

Reply to GatoGordo (Original post)

Sun Feb 18, 2018, 08:36 PM

Feb 2018

If I may - I am sure others here understand perfectly well, so that I can try to see the big picture..

Urgent. The geniuses who run the BCV are thinking of another monetary reconvention to take back 3 zeros to Bolivar as it was in December 2007. So raised will fail again. #HaMuertoElBolívar and it's not a cosmetic change.

Helps me to understand - MUY Fuerte...okay..very strong...

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