An image is going round that sums up just
how ridiculous Venezuela's economy has become. A Reddit user uploaded a picture
on Monday of a man using a 2 bolivar note to hold an empanada. According to
Venezuela's official bolivar-dollar exchange rate, the man using his money as a
napkin is wasting about $0.31 (£0.20). But on the black market, the reality is
completely different. You can get 676.88 bolivars to the dollar, according to
dolartoday.com. That means holding food with a 2 bolivar note costs the holder
less than a third of one US cent. More… Wednesday, August 19, 2015
Venezuela's currency is now so worthless that people are using it as napkins
An image is going round that sums up just
how ridiculous Venezuela's economy has become. A Reddit user uploaded a picture
on Monday of a man using a 2 bolivar note to hold an empanada. According to
Venezuela's official bolivar-dollar exchange rate, the man using his money as a
napkin is wasting about $0.31 (£0.20). But on the black market, the reality is
completely different. You can get 676.88 bolivars to the dollar, according to
dolartoday.com. That means holding food with a 2 bolivar note costs the holder
less than a third of one US cent. More…
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