Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Venezuela's currency is now so worthless that people are using it as napkins
Business Insider ^ | August 18, 2015 | Mike Bird

Posted on 08/18/2015 3:22:24 AM PDT by Zakeet

There’s an image going round that sums up just how ridiculous Venezuela’s economy has become.

A Reddit user uploaded a picture on Monday of a man using a 2 bolivar note to hold an empanada.

According to Venezuela’s official bolivar-dollar exchange rate, the man using his money as a napkin is wasting about $US0.31 (£0.20).

But on the black market, the reality is completely different. You can get 676.88 bolivars to the dollar, according to dolartoday.com. That means holding food with a 2 bolivar note costs the holder less than a third of one US cent.

(Excerpt) Read more at businessinsider.com.au ...


TOPICS: Business/Economy; Constitution/Conservatism; News/Current Events
KEYWORDS: economy; hyperinflation; socialism; venezuela; venezuelacrisis; venezuelacurrency; venezuelainflation
Navigation: use the links below to view more comments.
first 1-2021 next last

... socialism ... Obamanomics ... works the same ... every time!

1 posted on 08/18/2015 3:22:25 AM PDT by Zakeet
[ Post Reply | Private Reply | View Replies]

To: Zakeet

Venezuela needs Bernie Sanders.


2 posted on 08/18/2015 3:25:19 AM PDT by windsorknot
[ Post Reply | Private Reply | To 1 | View Replies]

To: Zakeet

What do they need napkins for?

To wipe the **** off their face?


3 posted on 08/18/2015 3:28:47 AM PDT by mylife (The Roar Of The Masses Could Be Farts)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Zakeet

Nice supermarket there. Yikes.


4 posted on 08/18/2015 3:36:21 AM PDT by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Zakeet
"Venezuela's currency is now so worthless that people are using it as napkins..."

Which should solve their toilet paper shortage....

5 posted on 08/18/2015 3:45:43 AM PDT by Psalm 73 ("Gentlemen, you can't fight in here - this is the War Room".)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Zakeet

But, but if EVERYONE were socialist, this wouldn’t be happening. —B Obama (or Sanders)


6 posted on 08/18/2015 4:29:03 AM PDT by mikey_hates_everything
[ Post Reply | Private Reply | To 1 | View Replies]

To: Zakeet

Part of me has compassion for them. This has got to be distressing to the max.

But the other part of me says they voted for this, and need to eat the meal they cooked for themselves.


7 posted on 08/18/2015 4:52:47 AM PDT by lurk
[ Post Reply | Private Reply | To 1 | View Replies]

To: Zakeet

Chavez’ daughter is richest woman in the country with $4 billion. That’s a whole lot of napkins.


8 posted on 08/18/2015 4:57:09 AM PDT by eartrumpet
[ Post Reply | Private Reply | To 1 | View Replies]

To: Zakeet
But at least everyone’s equal.. Well, except for Hugo Chavez's daughter, who reportedly has the equivalent of >$4billion.
9 posted on 08/18/2015 4:59:29 AM PDT by pieceofthepuzzle
[ Post Reply | Private Reply | To 1 | View Replies]

To: Zakeet

He’s holding food with paper money that has been in circulation, I would not do that, currency is filthy.


10 posted on 08/18/2015 5:00:19 AM PDT by Graybeard58 (ThereÂ’s a race war already raging, I didnÂ’t start it but I have chosen sides.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Graybeard58
He’s holding food with paper money that has been in circulation, I would not do that, currency is filthy.

Exactly what I was thinking.

11 posted on 08/18/2015 5:03:39 AM PDT by TangoLimaSierra (To win the country back, we need to be as mean as the libs say we are.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Zakeet
ahhh yes... the concentrated blessings of socialism or is it Sanderism
12 posted on 08/18/2015 5:08:24 AM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Zakeet
In what part of Caracas does Sean Penn live?
13 posted on 08/18/2015 5:50:19 AM PDT by MCF (If my home can't be my Castle, then it will be my Alamo.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mylife

Toilet papter currency, skid mark currency.


14 posted on 08/18/2015 5:55:10 AM PDT by ImJustAnotherOkie
[ Post Reply | Private Reply | To 3 | View Replies]

To: Zakeet

Just another example of the superiority of the socialist economic system!


15 posted on 08/18/2015 6:06:41 AM PDT by Rummyfan (Let us now try liberty)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mylife
What do they need napkins for? To wipe the **** off their face?

No to wipe the other end as they're out of toilet paper.

16 posted on 08/18/2015 6:07:30 AM PDT by Rummyfan (Let us now try liberty)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Zakeet

As joked about on The Beverly Hillbillies five decades ago.


17 posted on 08/18/2015 6:11:06 AM PDT by Buckeye McFrog
[ Post Reply | Private Reply | To 1 | View Replies]

To: Zakeet

Maybe the daughter of the socialist pig hugo chavez could help out her countrymen with some of her stolen $2,000,000,000.00 (US) that she has. She loved socialism.


18 posted on 08/18/2015 6:15:36 AM PDT by hal ogen (First Amendment or Reeducation Camp?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Zakeet

Money is a capitalist tool. Workers unite for a greater utopian state! /s


19 posted on 08/18/2015 6:17:23 AM PDT by P.O.E. (Pray for America)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Zakeet
 photo SocialistVenezuelaBernieSanders_zpsfqwnzx4x.jpg
20 posted on 08/18/2015 6:44:37 AM PDT by HotHunt
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson