Greetings dear friends, try to write this amount 400,000,000,000,000? Bolivares x 1 dollar and try to pronounce it, or better imagine that amount in your pocket, everyone here will say that it is crazy, because as the title of my post says, I will try to explain it to you in the simplest way possible.
It is well known for all that my country has more than 2 decades governed by a single government, which they call themselves socialists, where said government, in its total economic failure has led my country to fall into an economic hole difficult to leave, its ideological disputes with great world powers, have brought its consequence, a hyperinflation of almost 2 million percent in these 2 decades, the devaluation of the bolivar, which when this government began, was considered one of the strongest currencies in the world.
Already with political and economic conflicts with its large commercial partners, the most criminal way was used that almost no government in the world does, which is to devalue the national circulation currency, the little oil production and the almost zero income from imports. of the same.
Here is a sample of the currency reconversion of my country.
Hugo Rafael Chávez Frías February 2, 1999 - March 5, 2013 from [573.88] to [6.3] BsF / $
Nicolas Maduro March 5, 2013 - Current from [6.3] to [(DIPRO) 10, (DICOM) 727 and (Parallel) 5800 Bs / $
And with this reconversion that goes into circulation on October 1, 2021, of removing 6 zeros from the currency, there would be 12 zeros that in total have been removed from the national currency.
All I am trying to summarize and explain at the same time here is to convey to those who do not have knowledge of the economic problems of my country that of 17,000 companies that existed in 1999, when the first Chavez government arrived, today Today there are around 5,000 companies, perhaps less, and around 6 million Venezuelans who have emigrated.
Puede publicar en ingles y español. El proyecto es para apoyar contenido en Español