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IPFS News Link • Venezuela

The Hyperinflationary Endgame: Venezuela Currency Crashes 15% In One Day

• http://www.zerohedge.com, by Tyler Durden

As of this morning, the DolarToday.com website, maintained by a person the WSJ dubbed "Public Enemy No. 1 of Venezuela's revolutionary government, Gustavo Díaz, a Home Depot Inc. employee in central Alabama" reports that having crossed the psychological 2,000 level just one week ago, the Bolivar has just plunged to a new all time low of 3,480.22 on the black market, dropping by 15% from its latest print of 2,972 reported on Friday of last week, and has lost 60% in its value just in the past month.

So for anyone still curious what hyperinflation in real time looks like, here is the visual answer.


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