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RE: Venezuela's 4,000% Hyperinflation 'Breaks' Cash-Weighing Scales

in #venezuela7 years ago (edited)

One can easily laugh it off when told money can be weighed while purchasing items from shops. This makes wallets useless in Venezuela. Moving with money in bags and sacks for shopping is more effective if moving out to buy some stuff for preparing a meal of a family. Counting money now takes too long and no trader is willing to incur that cost. Is this still the country with one of the highest oil refineries? With these massive resources, it's embarrasing to see Venezuela going through an economic recession that has gone this far.
Blaming the Unites States for engaging in economic warfare wouldn't be such a big claim but turning to printing more money is so ill of Maduro. A leader coming into power must be having the slightest of clues on the effect of aimless printing of money. The official currency is getting more devalued each day that passes by and this will continue having a huge impact on the amount of money people have to carry while purchasing items.