#devaluation

Image Source It was 6 years ago, with the collapse of oil prices in the international market, when there was a cut in the flow of income to the nation and in this way the internal shortage increased, since

So, I came across this meme about Naira and it was so funny while also inspiring to share this post. It's actually true that holding your finances in Naira and any other unreliable Fiat currency is like

Source of image - Venezuela Tops the Misery Index Once Again After reading a news item published by the BBC on its Spanish site "I never thought I would go hungry in my old age": what is it like

Source in Spanish - Crisis in Venezuela: 7 graphs that explain the economic and political situation in the South American country When you look at the graphic that starts this publication, the timeline

Source When you think you have seen enough of human stupidity, you can always find that you have not yet seen its most extreme manifestations. I am looking at the graph of the variation of the exchange

Gresham's law

Mes économies seront-elles divisées par deux ? Est-ce que la dévaluation me fera devenir plus pauvre ? Bien évidemment que non. On ne peut pas donner une réponse unique parce que chacun a investi ses économies

Collapse of economies of world is almost certain in view of corona crises. And whether economies collapse slowly or suddenly - most currencies are bound to collapse. The time frame of the playout could

Soon the value of Philippine peso will soon down since the central bank have started printing two trillion pesos worth out of thin air. And the central bank market strategic manager explanation is to dumb.

No soy muy dado a hacerle caso a las cadenas que pasan por Whathsapp, pero me llegó una que me dejó pensando y quise compartirla por distintas vías. Fuente de la imagen: Las fotografías que evidencian

You find the right curvature curse. People are doing so well to devalue themselves that they have no meaning over time. No one lives. Photo Every man pays for a day alone in the crowd of his mistakes.

The world is on the edge of a very dark precipice and it looks like there may be no return if we continue down this road of total lawlessness. The "conspiracy theorists" may have known what they

Two months have passed since the arrival of the monetary reconversion in Venezuela. In this period that began in August, the dollar was "placed" by the state at 60 Bs.S/USD. Today (10/30/18),

This picture has $200.00 in purchasing power. On our way to Venezuela's fate, $100 = 3,333.33 in pesos. One piece of paper is debt of one hundred dollars. The other wads of purple bills are the cost of

The battle between Beijing and President Trump is well chronicled. Tariffs are on everyone's mind as China and the US play a tit-for-tat game. The President started the battle by levying tariffs on certain

Estimados steemians, hoy les quiero hablar sobre el reciclaje del billete en nuestro paìs. En nuestro paìs, la hiperhinflaciòn ha pulverizado el dinero. En la actividad las denominaciones que existen no

Dear stemians, greetings to all, it is unfortunate that we Venezuelans are in this situation? It is a crisis that has been seen in the history of modern economics. If one sees the economic collapses that

one hundred thousand Bolívares, seems a lot ... But no. Minimun base Salary in Venezuela today is one million Bolívares, so you have 10 banknotes of one hundred thousand Bolívares available to spend in

A picture is better than a chart. These are Argentine $500 and $1000 notes. They spend exactly like the $50 and $100 notes used to only 3 years ago. I will be giving you both the pictures and the chart.