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

One Million Venezuelan Bolivars = 53 Cents US.


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. How long before we’re using bolivars because U.S. dollars are worthless?

  2. 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. In the near future $1,000,000 = 1 yuan.

  4. Our inflation will be like Zimbabwe had. 25,000%.

  5. 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!

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

  7. That value is incorrect. 1,000,000 Bolívares was worth 53¢ but that was a very long time ago (three days).

  8. “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.

  9. 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.

  10. And….Here we sit……watching it happen.

    Where the phuck is the revolution???

  11. 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.

  12. Does that mean they’re all rich?
    Man, that’s great!

    We shud do that …

  13. 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.

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