Thursday, January 19, 2017

Venezuela’s New Highest Denomination Bills Can Barely Get You a Big Mac


New currency began circulating in Venezuela this week, the 500, 5,000 and 20,000 bolivar notes appearing first and which, many have pointed out, are barely enough to purchase even the cheapest of items, reports Orlando Avendaño for the PanAm Post.

 The 20,000 bolivar note can only buy, for example, two Big Macs at McDonalds.

The sandwich costs about 8,000 bolivars now, though two weeks ago it cost only 6,000.

This is what hyperinflation looks like.

 -RW

1 comment:

  1. Just keep adding zeros, that always does the trick.

    ReplyDelete