Venezuela’s crazy currency swap looks like alchemy, not economics

CARACAS, Venezuela — President Nicolás Maduro appears to have accomplished something this week that no one, and certainly no economist, would have thought possible. He has created a huge demand for the country’s long-slumping national currency, the bolívar. In a matter of days, the country with the world’s highest inflation rate, whose citizens were using […]

Source: http://www.washingtonpost.com/blogs/worldviews/wp/2016/12/17/venezuelas-crazy-currency-swap-looks-like-alchemy-not-economics/