Incredibly bleak moment milestone for Venezuela. The cost of one cup of coffee just hit 1 million Bolivars. https://t.co/Fbv2NqnAFl pic.twitter.com/LvziiWUynI— Joe Weisenthal (@TheStalwart) June 28, 2018
The Week: A minimum-wage worker in Venezuela could afford 5 cups of coffee each month — and nothing else
Five million Venezuelan bolivars is the equivalent of $1.45. It's also roughly a minimum-wage worker's entire monthly salary in the South American country.
Thanks to stunning inflation, it now takes 1 million bolivars to buy a cup of coffee in a Venezuelan cafe, Bloomberg reports. That's one-fifth of Venezuela's monthly minimum wage, and a 10,000-bill stack of Venezuela's most common bank note, the 100-bolivar bill.
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WNU Editor: For those who follow money .... you cannot get any worse than this.
2 comments:
"It just wasn't implemented correctly. It works like a utopian charm when it's done right though!" Imbecilic twats.
Buy a little gold folks.... wouldn’t kill you, but it could very well save your butts.
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