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GatoGordo

(2,412 posts)
Fri Oct 13, 2017, 11:45 AM Oct 2017

Since Chavismo, the Bolivar has devalued over 5 million percent

February 2nd, 1999. A dollar cost 576 bolivares… of the old kind. Today, eighteen years later, as Venezuela reels from hunger and collapse and oppression, that price is over 5,000,000% higher.

Old Bolivar 578 = .578 New "Fuerte" Bolivar

Current value on the black market = 31,109 (Dolar Today)

31109 /.576 = 54008.

Add two zeros and a percentage sign?

5,400,800% devaluation

Chavismo for the WIN!

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