The phenomenon of hyperinflation
Venezuela's economy has progressively plummeted down a spiral of severe hyperinflation due to the economic crisis as a reusult of a corrupted and negligent government. According to the International Monetary Fund, inflation rates can reach an all time high of over 10,000,000% this year. This has brough a severe deficit on the circulation of banknotes, which at the same time do not have the capacity of covering the prices of good and services due to their now low and insufficient denomination.
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