Skip to main content

Venezuelans can't wait to ditch their Bolivars

Venezuelans can't wait to get rid of the Bolivar
 
Just when the UK is working on ways to avoid deflation, Venezuela which has the largest oil reserve in the world and one of the leading exporters of crude oil, is on the brink of hyper-inflation.
 
Falling oil prices in recent times as well as internal issues has lead to the Venezuelan Bolivar depreciating at a free fall.
 
The Bolivar at the moment is being exchanged at the rate of 420 per $1. Venezuelans in Caracas have lost faith and no longer think their local currency is worth holding unto.
 
A Barclay Capital Inc. report projects that the Venezuelan Bolivar could dip as low as 600 per dollar, hence the frenzy to ditch the local currency for the American dollar which many feel is the best way to protect themselves.

Comments

Post a Comment

Popular posts from this blog

Angry British man who threatened to bomb an independent Scotland ordered by court to pay £500 fine

Edinburgh city sheriff court ordered 43-year old Ian Thirlaway to pay the sum of £500 as fine after he pled guilty to committing a racially aggravated breach of the peace.   Thirlaway who is a British oil worker flew into a fit of rage after he missed his train at the Edinburgh Waverley station.   He began shouting and swearing at the staff in the train station before saying, " I hope you get independence and we have spare bombs and we can bomb the whole place".   He was arrested by the British Transport Police and he continued in rage saying to the officers " I'm arrested and you let... and immigrants in here, F***ing hell.   His defence lawyer told the court her client made those statements because he  suffered from severe depression and when under pressure he attacked anyone and everyone.
Post a Comment
Continue »

Rate this poem; My Dad is Amazing by Ian Souter

I think it's a brilliant play with language. My dad is amazing for can walk around with his head in the clouds. Photo source: 212 media studios My dad is AMAZING for he can: Make mountains out of molehills teach Granny to suck eggs make mum's blood boil and then drive her up the wall.   My dad is Amazing for he also walk around with his head in the clouds has my sister eating out of his hands says he's got eyes in the back of his head can read me like a book
Continue »

Chris Brown can't resist showing off his daughter- Royalty

Proud dad Chris brown can't help showing off his 10-month old daughter Royalty. He showed the world, this picture of her in this expensive sports car with the caption "she's got taste. He is obviously smitten by the little girl whom he dote on.
Post a Comment
Continue »