Triple digit inflation in Venezuela: US dollar trades at 10.387 Bolivar; minimum wage 97.531 Bolivar

Thursday, August 10th 2017 - 11:27 UTC

Full article 5 comments

The extreme volatility of Venezuela's exchange rate has the crisis-hit country's shop owners hurriedly marking up their merchandise and consumers balking at the higher price tags. Just last week, the Bolivar currency fell around 70% on the black market, according to DolarToday, the opaque U.S.-based website that dictates the black market rate. Read full article

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imoyaro
Not a surprise, really, Venezuelan “money” is worth less than World of Warcraft Currency...

http://fortune.com/2017/08/01/venezuela-bolivar-world-of-warcraft-currency/
Aug 10th, 2017 - 06:37 pm - Link - Report abuse 0
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Marti Llazo
As we wait with bated breath for the country to become a sort of World of Warcraft scenario.
Aug 10th, 2017 - 06:45 pm - Link - Report abuse 0
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Tr0lListic_Approach
Thank Goodness for the Bolivar Fuerte.

Signed,
British Pound
Aug 11th, 2017 - 01:41 am - Link - Report abuse 0
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Clyde15
TTT

And the Argentine peso !
Aug 11th, 2017 - 08:27 pm - Link - Report abuse 0
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:o))
REF: “Venezuela - oil assets”:
https://www.reuters.com/article/us-venezuela-russia-oil-specialreport-idUSKBN1AR14U
China could have played the same game.
Aug 11th, 2017 - 09:15 pm - Link - Report abuse +1
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