Tag: Venezuela

1364: Antony Davies – Venezuelan Inflation

W1364: Antony Davies - Venezuelan Inflation
To address its cash crunch, the Venezuelan government printed money, which gave birth to rampant inflation. Depending on whom you ask, Venezuela’s annual inflation rate exceeded something between 60,000 percent and 200,000 percent in 2019. To put that in perspective, a product that cost one dollar in January 2019 would cost between $600 and $2,000 by the end of 2019. —Antony Davies, James R. Harrigan
To address its cash crunch, the Venezuelan government printed money, which gave birth to rampant inflation. Depending on whom you ask, Venezuela’s annual inflation rate exceeded something between 60,000 percent and 200,000 percent in 2019. To put that in perspective, a product that cost one dollar in January 2019 would cost between $600 and $2,000 by the end of 2019. —Antony Davies, James R. HarriganDownload Print Quality (7680×4020) 226KB  |  Normal Quality (3840×2010) 122KB
To address its cash crunch, the Venezuelan government printed money, which gave birth to rampant inflation. Depending on whom you ask, Venezuela’s annual inflation rate exceeded something between 60,000 percent and 200,000 percent in 2019. To put that in perspective, a product that cost one dollar in January 2019 would cost between $600 and $2,000 by the end of 2019. —Antony Davies, James R. HarriganDownload Print Quality (7680×7680) 332KB  |  Normal Quality (3840×3840) 303KB

To address its cash crunch, the Venezuelan government printed money, which gave birth to rampant inflation. Depending on whom you ask, Venezuela’s annual inflation rate exceeded something between 60,000 percent and 200,000 percent in 2019. To put that in perspective, a product that cost one dollar in January 2019 would cost between $600 and $2,000 by the end of 2019. —Antony Davies, James R. Harrigan