The Traderszone Network

Published in TZ Latest News 31 October, 2017 by The TZ Newswire Staff

Venezuela’s Grim Reaper: A Current Inflation Measurement – Current Annual Rate 2875%

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.

The Grim Reaper has taken his scythe to the Venezuelan bolivar. The death of the bolivar is depicted in the following chart. A bolivar is worthless, and with its collapse, Venezuela is witnessing the world’s worst inflation. 

read more