With an IMF estimated 13,000 percent. Imagine, Venezuela sits atop the world's largest oil reserves and they still have this kind of catastrophic problem. This is hard to imagine as a reality. Unfortunately it is. Venezuela’s Central bank printing money like a crazy. Eventualy, when they stop propping up by manipulating the currency it's going to collapse, it already did. Adding another currency doesn’t solve the problem, it will only temporarily patch the wound. The funny thing is that they claim they have no idea what caused this hyperinflation.lol In the end, in my opinion, the best thing that can happen to Venezuela is to formally dollarize its economy, it is currently dollarized in an implicit manner and that would be the root cause of the problem, the issuance of money and price controls. A lot of pain could be avoided for the average person in Venezuela through explicit dollarization.