A New Currency Redenomination Is Coming to Venezuela
The almost extinct bolívar is about to experience its third metamorphosis in 13 years. It's unavoidable but most likely useless
Tag: Hyperinflation
I See Your Million, and Raise You a Beco Bond
While chavismo insists on looking for solutions to the cash shortage that in the short run worsen the economic crisis, the private sector gets smart
Venezuelans Helpless Against Unsparing Hyperinflation
All Venezuelans today, regardless of the currency they handle, are suffering the effects of an imploding economy that displays just how fragile the “privileged” bubbles truly are
Happy First Anniversary, Hyperinflation... When Will You Go Away?
It’s been a year of hyperinflation in Venezuela, with a yearly rate that ravages consumers’ purchasing power and devours companies left and right. Just where does it ends?
Public Transportation Crumbles Under Fare Increase
Public transportation has new prices. Some services have increased by 1000%, others by 400% and others by 1.250.000%. Will this higher fare price help improve a broken industry? We don’t think so.
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