Venezuelans Turn To Gold Nuggets As The Local Currency Implodes
Oct 30th 2021 9:00pm EDT
Venezuelans Turn To Gold Nuggets As The Local Currency Implodes By Joseph T. Salerno of Mises Institute The Venezuelan government recently lopped off six zeros from its hyperinflating currency, the bolivar. The highest denomination currency note of 1 million bolivars, worth less than $0.25, was replaced by a one-bolivar note. At the same time, a 100-bolivar note, worth […]
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