One Million Venezuelan Bolivars = 53 Cents US. – IOTW Report

One Million Venezuelan Bolivars = 53 Cents US.

Bloomberg

Venezuela said it will introduce new large-denomination bolivar notes as hyperinflation renders most bills worthless, forcing citizens to turn to the U.S. dollar for everyday transactions.

The country’s central bank posted a statement on its website Friday saying it would begin circulating the new 200,000, 500,000 and 1,000,000 bills to “fulfill the current economy’s requirements” without providing further details. The 1,000,000 note — the largest in the nation’s history — is worth only $0.53 cents. More


15 Comments on One Million Venezuelan Bolivars = 53 Cents US.

  1. For some reason (your latest Covid assistance package) the Canuckistan Dollar has been rising against the US Dollar.

    Dumb asses up here think that that is a good thing, that “we are gaining on the US Currency. Until I explain to them that relative to Gold, Platinum, or real stores of wealth WE ARE ALL FUCKED!

    Bitcoin? Governments will eventually find a way to tax it and there are a whole lot of other issues.

    Investigate the Hydro cost of “Mining & Maintaining its Existence” It consumes more hydro than many entire countries do in a year. I’m not smart enough but that seems like a problem to me.

    3
  2. Back in the 80s when I was working in Brazil, they re-valued the Cruzeiro to the Cruzeiro Novo (all they do is move the decimal point), but the point is that the Cruzeiro was only worth a fraction of a penny and with 400% inflation (at the time) it was a daily game to exchange money. Anyway we determined that you could blow yer nose in a Cruzeiro cheaper than using a tissue!

    4
  3. Coming soon to a North American nation situated somewhere between Canada and Mexico.

    5
  4. “Coming soon to a North American nation situated somewhere between Canada and Mexico.”
    You know a lot of people wouldn’t be able to figure that one out.

    4
  5. A roll of toilet paper is worth more than ‘One Million Venezuelan Bolivars’!
    Keep this in mind because that is where the Democrats are taking our economy.

    1
  6. That new stimulus check I didn’t ask for will be awesome! It will make all the money I’ve made busting my ass for as a very small business owner worth less.

    3
  7. The Great Reset requires the collapse of the global monetary system so the Dems running up multi-trillion dollar debt, and they are just getting started, fits right into the plan.

Comments are closed.