Here's How Much Money You Need To Buy Different Everyday Items In Venezuela
Imagine that you go out for a meal, and by the time you have finished eating it, its price has doubled. That is the reality of hyperinflation, the result of printing too much money for the size of the economy, making cash essentially worthless.
Crisis-stricken Venezuela is currently in the grip of hyperinflation. These people have been forced to carry around huge piles of cash to buy even the most basic of household goods.
Can you imagine having to pay millions of the national currency, the Bolivar, for a roll of toilet paper, that has an actual value of around 40¢ U.S.?
A 5 pound chicken is pictured next to 14,600,000 bolivars, its price (the equivalent of $2.22)
A bar of soap next to 3,500,000 bolivars, its price and the equivalent of 0.53 USD
Two pounds of tomatoes next to 5,000,000 bolivars (76¢)
Thanks to BoredPanda - more photos @ https://www.boredpanda.com/things-compared-money-venezuela-economy-hyperinflation/
= new reply since forum marked as read
According to a reply to your post:
"New currency backed only a non-trading crypto currency..."
Thank you for your contribution and participation.
Kind and thoughtful comments from other DU members are always welcome.
