Basking in a sea of happiness

Inflation is at almost 70% per year. The multiple exchange rate system is wreaking havoc with Venezuelans’ daily lives. The Central Bank is printing money like crazy to finance an out of control budget deficit.

But don’t despair. The Central Bank is focusing on solving all of these problems.

BCV

Caracas Chronicles is 100% reader-supported. Support independent Venezuelan journalism by making a donation.