Venezuela is nearly broke and it happened in the blink of an eye. Well, it was a bit slower than that, but
it took less than a year for Venezuela's currency, the Bolivar, to lose 94 percent of its value. The decline
of the Bolivar has been all but unstoppable — yet the Venezuelan government has largely ignored its
In 2014 one U.S. dollar equaled 100 Bolivars, in 2016 it equaled 1,262 Bolivars, today it’s worth 12,163
Bolivars according to DolarToday.com.
Venezuelans are struggling as the value of their money continues to evaporate. Many spend all that they
earn on food, now that a kilo of rice costs 17,000 Bolivars.
One man, an executive […]