Latin America

GatoGordo

(2,412 posts) Wed Jan 17, 2018, 10:27 AM Jan 2018

In Venezuela, their now useless currency has depreciated at a rate of 5112% in just ONE YEAR

What was once 3723 BsF : 1 USD (1/17/2017) is now 194026 BsF : 1 USD (1/17/2018)

But, I hear their neighbor, the government of Argentina is struggling with an inflationary rate of... 25%.

Is that crickets I hear coming from the forum UI's?

https://dolartoday.com/historico-dolar/

(click on graph, download XLS spreadsheat for historical parallel dollar)

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In Venezuela, their now useless currency has depreciated at a rate of 5112% in just ONE YEAR (Original Post) GatoGordo Jan 2018 OP

34,401,773% GatoGordo Jan 2018 #1

GatoGordo

(2,412 posts)

1. 34,401,773%

Reply to GatoGordo (Original post)

Wed Jan 17, 2018, 08:14 PM

Jan 2018

Last edited Wed Jan 17, 2018, 11:42 PM - Edit history (1)

That is how much the Bolivar (now the Bolivar "Fuerte" ) has devalued since Chavez came to power in February 1999.

But, to hear Chavez/Maduro talk, its all an economic war, and none of this is Chavismo's fault... despite the fact that the same "economic war" has been going on against Cuba since 1959, and Bolivia since 1998.

As socialist Venezuela collapses, socialist Bolivia thrives. Here’s why

https://www.washingtonpost.com/news/global-opinions/wp/2017/01/05/as-socialist-venezuela-collapses-socialist-bolivia-thrives-heres-why/?utm_term=.c289db908b57

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