I think it's rather money creation by the venezuelan central bank. By printing money, goverments are able to cover their budgets, and the bolivar in this case lower its value against the dollar
You are viewing a single comment's thread from:
I think it's rather money creation by the venezuelan central bank. By printing money, goverments are able to cover their budgets, and the bolivar in this case lower its value against the dollar
This case has become very common these days here in Venezuela. The government instead of generating domestic production, prints money to pay off debts and make the situation of the country appear normal. Thanks for your comment @kkro. Greetings. :)