Crisis-stricken Venezuela's money supply
has surged over 200 percent in a year, its fastest rise since records began in
1940, putting it on track for what is likely the world's highest inflation. Soon
after a month-long hiatus from publication, the central bank said late on
Friday the total amount of local currency in circulation - known as M2 by
economists - as of March 24 was 13.3 trillion bolivars, up 202.9 percent from a
year earlier. In contrast, the United States' money supply was up 6.4 percent
in the same period. More…
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