Keyword: venezuelainflation https://freerepublic.com/tag/venezuelainflation/ en-us Tue, 18 Aug 2015 10:22:24 GMT Focus Forum 15 Venezuela's currency is now so worthless that people are using it as napkins https://freerepublic.com/focus/f-news/3325966/posts 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. Business Insider https://freerepublic.com/focus/f-news/3325966/posts#comment Tue, 18 Aug 2015 10:22:24 GMT Venezuela's Currency Is Now So Worthless That People Are Using It As Napkins https://freerepublic.com/focus/f-news/3325963/posts Mike BirdAugust 17,2015 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 $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.(snip) BI https://freerepublic.com/focus/f-news/3325963/posts#comment Tue, 18 Aug 2015 10:12:26 GMT