In socialist Venezuela under their President Maduro the people are suffering 25,000 murders per year, 90%of those murders going unpunished. Inflation is running at a rate of 500% or the highest rate in the world. The Venezuelan bolivar, once worth about 5 per dollar has sunk to 409 per dollar and the people are converting to dollars as the national currency just as Ecuadorans did a few years ago to prevent the federal government from stealing their money. Needless to say, Venezuelan stores are empty of all merchandise.
In Venezuela where people stand in line for 4 hours just to buy a couple of rolls of toilet paper, it looks as a use might be found for the worthless bolivar.
http://money.cnn.com/2015/06/03/investing/venezuela-bolivar-currency-imploding/
In Venezuela where people stand in line for 4 hours just to buy a couple of rolls of toilet paper, it looks as a use might be found for the worthless bolivar.
http://money.cnn.com/2015/06/03/investing/venezuela-bolivar-currency-imploding/