Tags: venezuela | prints | money | fastest | pace | supply

Venezuela Prints Money at Fastest Pace Ever in Sign of Panic

one hundred bolivares the currency of the country venezuela in south america; detail
(Volodymyr Plysiuk/Dreamstime)

Tuesday, 05 February 2019 02:56 PM

Venezuelan money supply rose 31 percent in the week through Jan. 25, according to central bank data.

That’s the fastest expansion since at least 1997 and could indicate that a panicked government has boosted spending in the face of protests, sanctions and the withdrawal of recognition by a big chunk of the international community.

Money-printing has been the driver behind Venezuela’s hyperinflation and the collapse of its currency. On this evidence, the recent strength in the black-market bolivar is illusory.

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Venezuelan money supply rose 31 percent in the week through Jan. 25, according to central bank data.
venezuela, prints, money, fastest, pace, supply
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2019-56-05
Tuesday, 05 February 2019 02:56 PM
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