One Billion Percent Later
When Chávez took office in 1999, one dollar was worth 5.6 bolivars. 19 years later, the amount of zeros is so long, it’s confusing. Today, regrettably, we reach the one billion later benchmark.
Frank is a public policy and development researcher in Cambridge, MA.
When Chávez took office in 1999, one dollar was worth 5.6 bolivars. 19 years later, the amount of zeros is so long, it’s confusing. Today, regrettably, we reach the one billion later benchmark.
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In Venezuela, the government no longer makes the results of its official household survey public, so independent researchers have started running their own large survey. What they find for 2016 is distressing.
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