In the last 14 years, the Venezuelan state has removed many 0’s from the currency, or has subtracted its value, in an attempt to reduce inflation, which today stands at 76%, according to the last 10 months, as indicated by the CPI, or consumer price index.
Well, then, in that currency I have, if we restore the 14 zeros that have been removed, its value would be: 1,400,000,000,000,000,000,000,000.
I do not know how to say this figure, but if we divide this figure into the current value of the dollar, which is 18.37 bolivars, it is also an infinite amount.
Well, this currency is worth absolutely nothing now, and because of that, other currencies have been brought to the Venezuelan market in order to make a balance and try to make an equalization with the dollar, a process that has failed resoundingly.
In fact, I have recollections that the monetary cone in the country has been changed at least 4 times, with a totally unknown purpose, and that after a few years, said cone becomes obsolete in the same way.
In short, the economic situation of my beloved country is totally out of control, there is no entity that can stop the crazy inflation that is about to unleash a tense situation in the circulation.
And that could put an end to many businesses that do their best to sell their products at a margin, in order to help others, but that this situation puts them at risk of losing their capitalization and their business.
Anyway, we hope this gets better.
Ismael D. Rodríguez
Ismael D. Rodríguez
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