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Venezuela’s Currency Is Now So Worthless That People Are Using It As Napkins

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Mike Bird
Business Insider
August 18, 2015

There’s an image going round that sums up just how ridiculous Venezuela’s economy has become.

A Reddit user uploaded a picture on Monday of a man using a 2 bolivar note to hold an empanada.

According to Venezuela’s official bolivar-dollar exchange rate, the man using his money as a napkin is wasting about $0.31 (£0.20).

But on the black market, the reality is completely different. You can get 676.88 bolivars to the dollar, according to dolartoday.com. That means holding food with a 2 bolivar note costs the holder less than a third of one US cent.

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This article was posted: Tuesday, August 18, 2015 at 5:49 am





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