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Keyword: currencyworthless

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  • Venezuela’s Currency Is Now So Worthless That People Are Using It As Napkins

    08/18/2015 6:26:01 AM PDT · by Enlightened1 · 30 replies
    Business Insider ^ | 08/18/15 | Mike Bird
    An image is 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 $0.31 (£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. Read more: http://uk.businessinsider.com/venezuelas-currency-is-now-so-worthless-that-people-are-using-it-as-napkins-2015-8#ixzz3jAmKI3sP .