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Montevideo, September 27th 2022 - 14:54 UTC
Venezuela President Nicolas Maduro appointed the third central bank president this year as Latin America’s biggest oil exporter seeks to rein in the fastest inflation among the world’s major economies. Read full article
Tovar show me a finger!
Now just stick it here in this dyke which has sprung a 42.6% leak.
And the problem is fixed..... or is it?
Hyperinflation is just a symptom of an severe economic illness. Mostly this isn't really fixed with meassures of the central bank.
Damn! You beat me to it. :o)
I think they should try revolutionary ideas like selling any oil they get out of the ground actually processed, for the market rate and not giving it away to deadheads like the Cubans, TMBOA, etc.
Getting the peasants to work for a living might be a good idea as well: OHHH that means getting an economy established and encouraging businesses to actually set up in Ven! Ha, ha, ha.
They are screwed big time. Couldn’t happen to a nicer set of thugs.
Venezuela is now ahead of Belarus in the race the bottom. Marxists never learn even when they've been beaten into the ground by facts.
selling and and extending the oil production wouldn't save them eiter, Chris. Venezuela would be then suffering the dutch disease, who has dismantled the whole internal industry in the country. They're f*cked...
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