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Strategies & Market Trends : The Aristocrats (tm) -- Ignore unavailable to you. Want to Upgrade?


To: sense who wrote (2628)8/11/2021 5:04:28 PM
From: sense  Read Replies (1) | Respond to of 5630
 
Transitory... or Going Full Zimbabwe ?

Hyper-inflation... "re-sets"... and the utility of digital currencies in context... are all being demonstrated now.

Three years ago, Venezuela enabled a "re-set" that removed five zero's from its currency.

Today, three years later... they're going digital... and going for six.

August 7: Venezuela to Roll Out New Monetary Reconversion

The rebranded “digital bolívar” will wipe out six zeroes from the current “sovereign bolívar” and enter circulation on October 1.