Story Archive

Unbolivarable

Venezuelans are having trouble buying diapers and aspirin due to hyperinflation. Now, with inflation at the point where the 100-bolivar bill, Venezuela’s biggest, barely buys one cigarette, the country is trying to get more currency printed to meet demand — but the country is having trouble paying the bill to the printers who make their currency. Those printers are foreign, and they’re starting to lose interest in the contracts to print the bills. Meanwhile, Venezuela is not planning to introduce bigger bills. (AC/Bloomberg) ...But the printers probably are.
Original Publication Date: 01 May 2016
This story is in True’s book collections, in Volume 22.

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