Venezuelan Annual Inflation Rate Is A Pulverising 2,025% As Oil Prices AND Production Collapse
by confoundedinterest17 In August 2018, Venezuela re-denominated the bolivar, lopping five zeros off it. Today’s price of 25.00 new bolivars is equal to 2,500,000 old bolivars. Converted into dollars, that comes to less than $0.50. Bloomberg’s Cafe con Leche indicates that a cup of coffee (with milk) in Caracas Venezuela costs 430,000 Bolivars. This is happening … Read more