What used to cost ONE Bolivar 11 months ago now costs 1,400,000 Bolivar in Venezuela
José Guerra: What in January 2018 cost 1 Bolívar today in December costs 1 million 400 thousand bolivars
December 17 2018, 12:15 pm
The deputy and member of the finance committee of the National Assembly (AN) José Guerra said Monday that 2018 has been a catastrophic year for the Venezuelan economy.
"This 2018 we have cataloged as the 'year of the catastrophe', a catastrophe whose magnitude we can not yet project due to the severe damage that has been done to the Venezuelan economy and that has the Venezuelans suffering the worst crisis in its history" explained Guerra.
The parliamentarian added that the economy will fall by 25% for next year. He explained that there is no pension, salary or retirement that supports hyperinflation.
"What in January 2018 cost 1 Bolívar today to December 2018 costs 1,400,000 bolívares approximately. That is the effect of a huge hyperinflation originated by the Maduro regime, "he said.
Guerra noted that the Bolivarian Government's economic policy has been an explosive cocktail of price controls, exchange controls, restrictions on trade and the serious issuance of Central Bank money to finance fiscal voracity.
He also highlighted the fact that the Venezuelan economy is dollarizing because the Venezuelan does not trust the Bolivar.
"We believe that there is a solution, and that happens through a change and orientation of the economy and the Venezuelan government," he added. "There is no way to recover without oil. Our solution is to activate oil production. "
https://www.lapatilla.com/2018/12/17/jose-guerra-el-2018-ha-sido-catalogado-como-el-ano-catastrofico-de-venezuela/
iViva la Revolucion!
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