We use public transportation like locals from Sucre. Yesterday jumping on the bus from line 2 which is taking us to the city center, we’ve encountered this deeply sad scenario, which affected me quite a lot emotionally.
A guy at another station joined the ride with a hand full of Venezuelan banknotes and gave a speech about the crisis that is still ongoing in Venezuela.
He offered all kinds of banknotes for any amount of money. We gave him 10 BOB = 1.5$ for the 3 banknotes in value of 2050 VEF.
The inflation in Venezuela is insane. Here’s a how the value of 1 USD increased over time
More context on the currency of Venezuela:
“The main currency of Venezuela since 20 August 2018 has been the bolívar soberano (sovereign bolivar) (sign: Bs.S. or Bs.; plural: bolívares soberanos; ISO 4217 code: VES). Since that date, it has been due to replace the bolívar fuerte (strong bolívar, sign: Bs.F., ISO 4217 code: VEF) after a transition period. The primary reason for replacement, at a rate of 1 Bs.S. to 100,000 Bs.F, was hyperinflation. On 1 January 2008, the bolívar fuerte had itself replaced, because of inflation, the original bolívar introduced in 1879 (sign: Bs.; ISO 4217 code: VEB). It did so at a rate of 1 Bs.F. to 1000 Bs.“
6 replies on “Venezuela’s hyperinflation’s signs in Bolivia”
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