Venezuela’s bolivar, from banknote to children’s toy | AFP

For the third time in 13 years, Venezuela has slashed zeroes off its inflation-battered currency, the bolivar. This time, it has shed six zeroes, for a total of 14 since 2008. With that, a million bolivars have overnight become one -- still the equivalent of about 25 US dollar cents. Venezuela's central bank announced the move last month to simplify transactions, with consumers scrambling to make payment for even the most basic goods or services. According to private sector estimates around two thirds of transactions in the country now happen in US dollars. Old bolivar banknotes now worth almost nothing have become children’s toys or lie discarded in streets around the country. The once-rich oil producer is battling its eighth year of recession and hyperinflation that reached nearly 3,000 percent in 2020 and more than 9,500 percent the year before, according to central bank figures.

[@cyrusmarikitph]

Coin and banknote collectors: *Allow us to introduce ourselves*

[@danielbush1849]

*oogway’s voice* my time has come

[@seyhaksin5618]

When monopoly money is worth more than your actual money you know shit have gone down

[@dixiegardner6207]

This is amazing. Wish I could buy a bunch with dollars.

[@erenjeager9442]

Hi I'm a Time Travel from 2037, the U.S has Hyperinflation worst than Venezuela.

[@wackyluke7704]

get well😁

[@twinkie9927]

Yeah, cuz of dementia Joe Biden!

[@erenjeager9442]

@@wackyluke7704 hahahaha you wish 🤞

[@unbittentoenail]

You’re on to something 🤔

[@rara.raaaaa]

Meanwhile in Indonesia, people sell Bolivar in online shop platform 50 bolivar (literally 1 paper of it) for 1 usd.

[@graphdes3418]

i just bought from thailand $3.40 for 3 pcs. of 1M bolivar 😂..

[@wesleygremista]

This is very sad. Latin America was devastated by socialism and populism. Cuba and Venezuela are the greatest examples of this. Argentina is going down the same path. I hope my Brazil doesn't make the same mistakes. Most unbelievable of all this is to see students from the United States and Europe defending collectivist ideas... they have no idea what it's like to live in a place like this. Will they agree to change places with me?

[@faharoon357]

I would exchange places with them. BTW, what is desvistating Cuba and Venezuela are the scanstions and economic blockade. Plus, the various coups that cause society to weaken. Before Hugo Chavez Venezuela was a capitalist nation and it was in much worst shape and it did not have and economic barriers place on it. Before you go and simply blame socialism learn and develop some context. It will serve you well in life.

[@bmuraaz6024]

For the last time, it was not socialism. It was the fact that the president changed the petro-dollar to euro. So the US caused a problem of which he was almost overthrown, which lead to Venezuela turning from a holiday resort into this dump.

[@josehilarionvillegassilva1732]

EL VIDEO NO EXPLICA QUE GRACIAS AL SABOTEO ECONOMICO DE EEUU Y COLOMBIA QUE DESDE UNA PAGINA SE MANIPULABA Y MANIPULA EL PRECIO DEL DOLAR DESDE EEUU ( DOLARTODAY) Y OTRA EN COLOMBIA (BOLIVAR CUCUTA ) Y FIJABAN LA TASA DEL DIA A ANTOJO DE LOS EMPRESARIOS Y ASI POCO A POCO DESTRUIR LA ECONOMIA VENZOLANA POR RAZONES POLITICAS , ESE BILLETE MARRON DE 100 BS QUE SE VE EN LAS IMAGENES CUANDO SALIO EN LA PRIMERA RECONVERSION EN 2008 EL CAMBIO ERA DE 1 DOLAR = 2 BS O SEA ESE BILLETE MARRON DE 100 BS ERAN 50 $$$ DESPUES LLEGARON LAS SANCIONES POR PARTE DE EEUU SACO A VENZUELA DEL SWIFT INTERNACIONAL Y LES ROBO LOS MILES DE MILLONES DE DOLARES DEPOSITADOS EN EL EXTERIOR TAMBIEN EEUU SE ROBO CITGO CON SUS 18000 GASOLINERAS QUE VENDIAN GASOLINA VENZOLANA EN EEUU CON LAS SANCIONES TERMINO DE QUEBRAR LA ECONOMIA VENZOLANA Y NI ASI PUDO DERROCAR AL PRESIDENTE MADURO, EEUU SON UNOS ASESINOS TODO ESTA "INFLACION ES INDUCIDA "

[@josehilarionvillegassilva1732]

CHINA ES COMUNISTA , LAS EMPRESAS EUROPEAS Y DE EUU NO PUEDEN COMPETIR CON LAS EMPRESAS CHINAS LA INMORALIDAD ES TAL POR PARTE DE EEUU Y EUROPA QUE LE LIBRE COMERCIO AHORA NO SIRVE CON CHINA YA QUE NO PUEDEN COMPETIR DE TU A TU CON EL GIGANTE ASIATICO A PERO SI LE APLICAN LIBRE COMERCIO A LATINOAMERIA Y A CUALQUIER PAIS NO DESARROLLADO SON UNOS INMORALES LADRONES SAQUEADORES

[@EliasRoy]

It even destroyed my country India thanks to our 1st Prime Minister. Thankfully they liberalized the economy in 1991.

[@Flakita204]

En Mexico conoci una Venezolana y era tan presumida y gritaba mucho y pensaba que solo lo que Ella decia valia su opinion, y pues todas las Mexicanas la trataban Bien pero era muy arrogante no se por que hay personas asi , sinceramente que triste situacion por la que atraviesan Dios proteja esas personas.

[@santinoarroyo4632]

i feel like this currency is being used as monopoly money

[@SDRIFTERAbdlmounaim]

that's exactly what it is

[@shadygaming6523]

@@SDRIFTERAbdlmounaim no, monooly money is worth more, not even joking

[@veroniquevesta7516]

It's ironic some Venezuelans dis like the US but carry the US dollar where ever they go. To be depended on something that belongs to the very same people badly talked about

[@wadej347]

Thats the petro dollar for ya!

[@Ben-ok2ue]

Ignorant comment

[@lisu7110]

Maybe because your trash US government is the reason for all of this misery?

[@mikatu]

dolar doesn't belong to the US, it belongs to the federal reserve which is a private bank.

[@shadygaming6523]

@@mikatu ah yes the federal reserve dolor, not the US dollar

[@steveholloway1963]

This happens to every fiat currency eventually because THEY always print more gold silver and bitcoin are the only true forms of money

[@apotbos]

yeah cus no one can just make up a crypto currency.

[@wesosdequeso8360]

Unless you have the gold in your hands. Your positions in the market are worthless. Threres 100s of claims on ownership for every onze of gold.

[@mikatu]

@@wesosdequeso8360 you don't know what gold is..... bravo!!!!

[@gagarry90]

So what money did they use to pay?

[@AlgoNudger]

Every FIAT is actually garbage! 🤣

[@ecotricity4470]

Genius

[@AlgoNudger]

@@ecotricity4470 it's just a matter of time, Mate! 🤣🤣🤣

[@mariale527]

Asombroso

[@maryfuentes5110]

Que trizte! God bri g justice to your peoole!

[@_Na_Na_30]

Imagine spending 2 million for a single pack of menstrual pad.. gosh

[@momouwu1937]

Got to be a millionaire to afford pads

[@eltonjohntubola3212]

The cost of making these bills are higher than their value now. Why not collect them?

[@lisu7110]

Venezuela never was rich. The population used to live equally terrible when Venezuela was South Americas "richest country", all of the wealth went to the rich people and the government. The best time for the Venezuelan people was the Chavez era.

[@TheDankDK]

I mean atleast your currency wasn't worthless though...

[@lisu7110]

@@TheDankDK It actually was. All South American countries struggeled with hyperinflation in the last century and almost all still do. No one on the International market would've kept their wealth in such a currency

[@faster2x77]

Chavista detectado

[@saintgeorgefloyd9488]

lol the Chavez era is what caused this mess. The entire country became a welfare state that depended on oil exports. I guess you could say the best era for Saudi Arabia would be the 'big spending, no future plan' era the boom before the bust. luckily you have no influence so your dangerous and ignorant ideas won't be acted on.

[@artificialanimeuniverse5063]

Same fate in Zimbabwe

[@juanitajones7169]

Germany, 1929.📈💸

[@ilovejesusreignsforever5512]

JESUS is coming to RAPTURE His believers soon, you don't want to be LEFT BEHIND when God pours out His WRATH on a Christ rejecting world. His judgment has begun. Call on Jesus while you can. The choice is yours, eternal Heaven or eternal hell ⁹If you declare with your mouth, “Jesus is Lord,” and believe in your heart that God raised him from the dead, you will be saved. (Romans 10:9) Jesus died for our sins, according to the scriptures was buried, and rose 3 days later, according to the scriptures (1 cor. 15:1-4) Jesus is waiting with open arms, it doesn't matter what you've done, He died For ALL SINS. HE has blotted out your sins and transgressions believe on Him today (Isaiah 44:22) ✝️God bless everyone in the name of Jesus of Nazareth All these volcanoes and earthquakes going off is a good sign that The King is coming soon!

[@cyrusmarikitph]

Yes. I am a Christian, and I accept Jesus. But you should not spam unless a video is about opposition from Christianity (e.g. Satanist channels, Catholic channels that are praying to counterfeit images of Jesus and Mary Magdalene)

[@x_isaka]

how cna they print that much money though hahaha 1 note = 1 paper = rough cost $1 + money production materials $4?. its in people sentiments on how much money is evaluated

[@farjanaaktar142]

Girl me 10: Bolivar

[@redsamson5185]

the real question is if the venezuelan working class is more satisfied the way it is. i’m sure that western media sources aren’t favorable to socialism

[@mikatu]

exactly, they are very happy being poor and not having anything to eat!

[@redsamson5185]

@@mikatu blanket statements miss the nuance.

[@redsamson5185]

the real question is if the venezuelan working class is more satisfied with bolivarian venezuela than with capitalism.

[@irregulargamer1352]

@@redsamson5185 a large number of venezuelans are immigrating to other countries. Literally going to the next country over to do work for little pay or to be on the streets and beg because its worth it more to beg in a country with a valuable currency and a working economy. If people are moving just to be homeless in the next country over it should really tell you that many are not satisfied.

[@shadygaming6523]

yes yes the poor people living in poverty with nothing to eat struggling tyo even catch the bus, as you can see the stores are empty because there is no food, yes they are happy with that they hate capitalism where you can work and use the money you get from work to buy a big TV an xbox and still have more than enough money for pizza and pepsi.

[@JazzyGinger1]

God loves you so much that He sent His Holy Son Jesus from heaven to earth, to be born of a virgin, to grow up and die on a cross for our sins, and to be put into a tomb 3 days and rise from the dead the third day, and He (Jesus) went back up to heaven. We must receive Sinless Jesus sincerely to be God's child(John 1:12).After we get saved by grace through faith in Christ, if we truly love the Lord Jesus Christ, then we will obey Jesus(John 14:15). Mark 1:15 "And saying, the time is fulfilled, and the kingdom of God is at hand: Repent ye, and believe the gospel." Jesus said in John 14:15 "If you love Me, keep My commandments. "There's a real hell. It says in Revelation 21:8 "But for the cowardly, & unbelieving, and abominable, and murderers, & immoral persons sorcerers & idolaters & all liars, their part will be in the lake that burns with fire & brimstone..." Please sincerely receive Holy Jesus and put your true faith and trust in Him today and please repent. Will you have a Real encounter with Holy Lord Jesus and stay in a Genuine relationship with Him daily please?

[@mangotrinh2162]

So what’s the point Venezuela government keep printing money or change the number, if the people don’t even use them

[@plopzzzzzz]

BUY SILVER NOW

[@olivia3831]

American wanting free oil cause this u looking at

[@Fantom6400]

Venezuela, Argentina and Bolivian currencies are down the toilet.

[@ClashSpiritChanter]

they need bitcoin

[@user-hd1tk5wv3f]

Algeria 😂😂😂😂😂