worthless currencies

  1. Zimbabwe: When The Black Market Becomes the Real Market

    Zimbabwe: When The Black Market Becomes the Real Market
    For many years, I’ve described black markets not as the evil danger to economies that governments profess them to be, but as predictable and sensible reactions to the overregulation of official markets. Black markets appear whenever an official market has become overregulated or otherwise unworkable due to governmental interference. They then thrive in direct proportion to the failure of official markets to...
  2. Venezuela's Money Supply Soars By A Record 200%

    Venezuela's Money Supply Soars By A Record 200%
    Two weeks ago, Reuters reported that due to "unexplained" reasons, the Venezuela central bank had stopped publishing its M2, or money supply, data.  The M2 money supply was up by nearly 180% in mid-February from a year earlier, according to the central bank before it halted the release of the weekly data without explanation in February. "If they are not publishing, you...
  3. Why Nobody Trusts the World's Best Currency

    Why Nobody Trusts the World's Best Currency
    It took a decade of gains for the Azeri currency to build up trust, and two devaluations to ruin it. Even after a rally that’s made the manat the world’s best performer since the start of February, Azerbaijan’s Main Street isn’t convinced. The little confidence people had left in the Caspian Sea nation’s currency after it lost more than half its value in 2015...
  4. Worthless Paper - Venezuela (The Broken Bolivar)

    Worthless Paper - Venezuela (The Broken Bolivar)
    By: Farhah Aziz As you turn on your TV channels or browse through your daily newspaper articles, stories about Venezuela’s crippling economy is omnipresent. There is no war or intense political conflict in Venezuela. Then why do we see miles-long queue of people trying to purchase basic goods or why thousands of Venezuelans are taking the risk of crossing the borders to...
  5. US dollar showing weakness amid confusion over Trump’s policies

    US dollar showing weakness amid confusion over Trump’s policies
    NEW YORK, 1 Feb 2017: The US dollar tumbled yesterday, headed for its worst start to a year in three decades, while stocks dipped as president Donald Trump added uncertainty to the market following stringent curbs on travel to the US from seven Muslim-majority countries. Comments from Trump’s top trade adviser Peter Navarro that Germany was using a “grossly undervalued”...
  6. Worthless Paper - Zimbabwe (The Chaos of Zimbabwe's Multicurrency Regime)

    Worthless Paper - Zimbabwe (The Chaos of Zimbabwe's Multicurrency Regime)
    By: Farhah Aziz Zimbabwe; a landlocked country known for Victoria Falls, Robert Mugabe and indeed the hyperinflation crisis. Who hasn’t heard of the infamous phase of hyperinflation crisis plaguing the country in the late ‘90s stretching into early 2000s? The annual inflation rate was indeed extremely staggering with a record high, 500 billion per cent as of 2009, ranked the...

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