Venezuela has experienced extreme hyperinflation since 2014, with inflation rates reaching over 1,000,000% in 2018. The high inflation is caused by factors such as currency devaluation, rising minimum wages, excessive government spending, and Bolivarian propaganda. This has led to a socioeconomic and political crisis marked by hyperinflation, shortages, rising crime and mortality rates, and mass emigration from the country. The Venezuelan bolivar has lost nearly all its value both objectively, since it is not backed by assets, and subjectively, as people lack confidence in its ability to retain value.

1. VENEZUELA INFLATION

2. Dealing With
• Meaning
• Reasons
• Causes and effects
• Conclusion
• References

6. Bolivar feutre

7. What is Venezuela Inflation?

8. meaning
• It is an hyper inflation and a period in which there is currency
instability
• Venezuela is experiencing this problem since February 1983
and is growing in double digit inflation rate and continued to
be grown by 1,00,000% in 2018
• In 2014 the IR increased by 69% was the highest record in the
world, again in 2015 it reached to 181% and made an another
record.
• Then the rate reached 600% in 2016, over 4000% in 2017and
16,98,488 in 2018.
• After 2018 the government has officially stopped estimating
the IR.

9. CAUSES
• Devaluation of Bolivar
• Minimum wage
• Government spending
• Bolivarian propaganda

10. Solutions
• Change of inflation rate calculations
• Bolivar feutre
• Introduction of higher denomination bank notes
• Withdrawal of 100 Bs.F bank notes
• Petro crypto currency
• Redenomination
• Introduction of larger bank notes.

11. Value of different currency Value of Venezuela
VEF= 0.02088 INR INR = 47.90098 VEF
VEF= 0.0003 USD USD = 3298.07692 VEF
VEF= 0.00027 EUR EUR = 3746.60476 VEF
VEF= 0.00043 AUD AUD = 2336.95601 VEF

12. CONCLUSION
• A socioeconomic and political crisis that began
in Venezuela during the presidency of Hugo Chávez has
continued into the presidency of Nicolás Maduro.
• It is marked by hyperinflation, escalating starvation, disease,
crime and mortality rates, resulting in massive emigration
from the country.
• Objectively, that the money has no firm basis to give it a
value.
• Subjectively, that the people holding the money lack
confidence in its ability to retain its value.