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Venezuela to followin Iraq footsteps and RV their currency

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Venezuela to followin Iraq footsteps and RV their currency

Post  ReapAndSow73 on Thu May 03, 2018 9:19 pm

Venezuela inflation quadruples to 18000% in 2 months

http://www.miamiherald.com/news/nation-world/world/americas/venezuela/article210282264.html

So, the solution is clear - Venezuela will simply deal with their hyperinflation by revaluing their currency...they are an oil-rich nation run by despots, just like Iraq...so hurry, run out and buy Bolivares while you still can!!

Wait...you mean that's NOT how countries deal with hyperinflation?

LOL...
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Re: Venezuela to followin Iraq footsteps and RV their currency

Post  Scotchie on Thu May 03, 2018 11:23 pm

Venezuela has already revalued their currency.  It did nothing!

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