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Latin America

GatoGordo

(2,412 posts) Fri Jun 1, 2018, 01:23 PM Jun 2018

Venezuela's inflation blows past 25,000%

Venezuela's Inflation Breaches 25,000%
Steve Hanke , CONTRIBUTOR

https://www.forbes.com/sites/stevehanke/2018/05/31/venezuelas-inflation-breaches-25000/#25bf44356d57

2 replies

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Venezuela's inflation blows past 25,000% (Original Post) GatoGordo Jun 2018 OP

wheelbarrows full of cash to go grocery shopping. lapfog_1 Jun 2018 #1

In Venezuela, the currency is weighed, not counted GatoGordo Jun 2018 #2

lapfog_1

(29,205 posts)

1. wheelbarrows full of cash to go grocery shopping.

Reply to GatoGordo (Original post)

Fri Jun 1, 2018, 01:27 PM

Jun 2018

GatoGordo

(2,412 posts)

2. In Venezuela, the currency is weighed, not counted

Reply to lapfog_1 (Reply #1)

Fri Jun 1, 2018, 05:37 PM

Jun 2018

That is, if you can get any cash. The ATM's provide for about 10 cents per day withdrawals. If they are working, since in most of the country, the electricity is only working 4 hours per day.

Of course, the Chavistas blame "mafias" for hoarding Bolivars... which defies logic, since the currency is depreciating so quickly, most people spend it the minute they get it.

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