Venezuelans Give Up on Counting Piles of Cash and Start Weighing Them
At a delicatessen counter in eastern Caracas, Humberto Gonzalez removes slices of salty white cheese from his scale and replaces them with a stack of bolivar notes handed over by his customer. The currency is so devalued and each purchase requires so many bills that instead of counting, he weighs them.
Once one of the world’s strongest currencies, the bolivar has been reduced to a nuisance. Basic purchases require hundreds of bills. Shoppers shove piles of them into gym bags before venturing into crime-plagued streets and shopkeepers stash thousands in boxes and overflowing drawers. In the absence of official data, economists are left to guess what the inflation rate is. Estimates for this year range from 200 percent to 1,500 percent.DYI Comments: Some where between now and the next 2 years a revolution will occur in Venezuela. I find it highly doubtful it will be done through the ballot box as most South American countries resort to armed revolts. Unfortunately things will get much worse for this beleaguered country before any sanity arrives.
DYI
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