Sunday, November 27, 2016

Venezuela’s currency is so devalued it no longer fits in ordinary wallets

Venezuela’s currency is so devalued it no longer fits in ordinary wallets
CARACAS, Venezuela — It’s not so easy to find someone who still uses a wallet in Venezuela, where inflation is expected to reach 720 percent this year and the biggest bill — 100 bolivars — is worth about 5 U.S. cents on the black market. The currency has dropped dramatically in value as Venezuela’s oil-based economy has […]

Source: http://www.washingtonpost.com/blogs/worldviews/wp/2016/11/27/venezuelas-currency-is-so-devalued-it-no-longer-fits-in-ordinary-wallets/

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