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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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jcwillis

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Inflation Down There

posted on Dec 16, 2018 12:33PM

According to Newsweek, Topping One Million Percent . . .

Venezuela Inflation Rate Passes 1 Million Percent, and It’s Costing Lives Every Day: This Is What Devastating Hyperinflation Looks Like

By Robert Valencia On 12/14/18 at 5:00 AM

“Do you see this bill?” asked Venezuelan journalist and cyberactivist Luis Carlos Díaz, as he held up a 50 bolivar note. “This is the new bolivar [Venezuela’s currency] called ‘bolivar soberano’ [sovereign bolivar]. This doesn’t have any value at this moment for me because I need to have 10 of this to buy 1 U.S. dollar, and I have to spend it fast because these bills lose value every single day.”

Full Article: https://www.newsweek.com/venezuela-million-hyperinflation-losing-lives-everyday-1256630

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