Venezuela Getting New Currency
UPI reports that El Burro Chavez is instituting new currency in Venezuela:
CARACAS, Venezuela, March 31 (UPI) -- Venezuela will introduce a dual currency to alleviate pressure from a devalued bolivar and record-high inflation, a government financial adviser said.
"The intention is to finish with the parallel market and instead allow the dollar to trade through a global bond on the local stock market, transparently and freely," said an adviser to the Venezuelan finance minister on condition of anonymity.
The bolivar was devalued about 100 percent against the dollar in 2007, which in turn prompted a 22.5 percent rise in inflation during the same period, The Financial Times reported online Monday.
I managed to get an advanced copy of how the new currency will look:
Does it come in two ply rolls?
I remember they did have the fifo toilet paper, maybe it's time to have the hugo butt wipes. you're on to something
You forgot the Mickey ears!
Ventanita, I love Mickey Mouse. It is an insult to Mickey, to the children of the world, and to me for a donkey like hugo to wear his ears.
I'm no monetary policy expert, but how do you devalue any currency 100%? Doesn't that make it worth literally ZERO?
Zhangliqun, a 100% devaluation would be like one dollar now worth one cent.
so much for all that petro money in Caracas...
Looks like the cover of a MAD Magazine we used to sneak in school as kids.
Cigar Mike,
That bank note will be worthless with that monkey asshole face on it.
Just like his whole Bolivarian bullshit revolution is.
They really have a hammer-and-sickle on that thing? Maybe they should put a minus sign before the "2000" then...
Zhangliqun, I added that we well as el burro's face
photoshop
I know it's happened before and will probably happen again, but it's still amazing that this thuggish, crude, obnoxious asshole ever got so far. Strictly speaking, the same could be said of Castro, but Chavez was FAR more obvious, blatantly so. Are so many people really THAT stupid?
Asombra
Are so many people really THAT stupid?
Yes. Both Fidel and Hugo had failed coup de etats, so they showed from the beginning their autocratic bonafides. Think how much better the world would have been had execution been the consequence for once-failed golpistas Hitler, Castro, and Chavez.