IPFS News Link • Currencies
Venezuela's Currency Is Now So Worthless That People Are Using It As Napkins
• http://www.prisonplanet.comThere's an image going round that sums up just how ridiculous Venezuela's economy has become.
A Reddit user uploaded a picture on Monday of a man using a 2 bolivar note to hold an empanada.
According to Venezuela's official bolivar-dollar exchange rate, the man using his money as a napkin is wasting about $0.31 (£0.20).
But on the black market, the reality is completely different. You can get 676.88 bolivars to the dollar, according to dolartoday.com. That means holding food with a 2 bolivar note costs the holder less than a third of one US cent.