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The Cash That Isn’t Worth the Paper It’s Printed On

Sunday, November 27, 2016 21:22
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lewrockwell.com / By Dave Burke via Daily Mail / November 25, 2016

‘Runaway inflation’ in Venezuela has reached the point where bank notes are being weighed rather than counted.

The country’s currency, the bolivar has devalued so much that traders have given up counting the huge wads of banknotes handed over by their customers.

Last month it emerged that new 20,000 bolivar notes will be produced to keep up with the rate of inflation. At the moment the highest banknote in circulation is 100 bolivars.

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The post The Cash That Isn’t Worth the Paper It’s Printed On appeared first on Silver For The People.

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