Venezuela hopes to tackle the world’s worst inflation by deleting zeros from its currency

Falcon’s dollarization plan has appeared to hit a nerve with the country’s impoverished people

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Intellihub editor’s note: It appears the George Soros-funded attack on Venezuelan currency may be panning out, as former political figures, like Henri Falcon, emerge on the scene to push the U.S. dollar into place.

CARACAS, Venezuela — Economic pledges may be par for the course in election campaigns, but in hyperinflationary Venezuela, the candidates’ dueling promises are going further, with the incumbent vowing to lop a few zeros off the currency, while his main challenger calls for the adoption of the U.S. dollar.

President Nicolás Maduro late Thursday briefly outlined his monetary rescue plan. In a country where a dozen eggs can cost 250,000 bolivars ($5) amid worsening inflation, he would chop three zeros off the currency — arguably bringing the price for those eggs down to 250.

“I ask you all for your prayers and support for the success of the monetary reconversion,” Maduro said in a televised event Thursday night.

Via Washington Post


Featured Image: SHTFPlan.com

Editor's note: The Shepard Ambellas Show airs LIVE weekdays (Mon-Fri) on the Shepard Ambellas YouTube channel from 5-7 pm Eastern/4C/2P. Subscribe now! Turn notifications on immediately. An archived version of the show is also available on Apple Podcasts, Spotify, Google Podcasts, Castbox, Deezer, Podcast Addict, Podchaser, JioSaavn, and Spreaker for you listening pleasure.