Venezuela currency crazy fall November on falling 55%

In November alone, its currency, the Bolivarian (Bolivar) have plunged 55%. This is the Venezuela economy, signs of extreme political and humanitarian crisis. Food and medicine shortage, prices turned over a day, people suffer, was for many years the problem has worsened this year. According to IMF estimates, Venezuela next year inflation will rise up to 1660%.

The country's fall into recession is already three years. On November 1, the $1 than 1567 Bolivar.

On November 28, has soared to $1 $3480 Bolivar. Caracas capital markets analyst Darren (Russ Dallen) said: "this money flushed down the toilet, who dares 50% currency crash in less than a month?

」 Bolivarian recently collapsed, there were several factors behind.

The Government had to inject cash into the banking system, because the flow of funds has been insufficient to cover the spiralling prices.

According to Central Bank statistics, in mid-November, Bolivarian flows were less than a year ago, an increase of 130%. Due to Bolivarian designated a large devaluation Venezuela Bolivar in the hands of people don't worry be translated into dollars, dollars are precious, and value, that Bolivar all the more worthless.