One of the most staggering things about
Venezuela is its absurd rate of inflation. Whilst 1000 Bolivares could
previously buy you a car, it now barely buys you a jar of Nutella. Transferring
$100 into Venezuelan currency buys you stacks of money which has very little
value. Whereas the maximum bill in America is $100, the maximum single bill is
worth just under 10 cents. Next year, the country’s rate of inflation is
expected to rise to 1,660%. More… 
Friday, November 25, 2016
Empty Supermarkets, Fascist Imagery and a Collapsing Social Order
One of the most staggering things about
Venezuela is its absurd rate of inflation. Whilst 1000 Bolivares could
previously buy you a car, it now barely buys you a jar of Nutella. Transferring
$100 into Venezuelan currency buys you stacks of money which has very little
value. Whereas the maximum bill in America is $100, the maximum single bill is
worth just under 10 cents. Next year, the country’s rate of inflation is
expected to rise to 1,660%. More… 
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