I'll take the other side of that trade.Someone bet the farm on a Venezuelan comeback in 2017.
Yeah, and the paper bills are literally less expensive than toilet paper - and more widely available.You made me look.
Five years ago, the Caracas index was at 260. Twelve months ago, it was at 15,357. It is now at 57,692.
Alas, it is based on the bolivar, and that experienced an inflation rate of 800% in 2016. The IMF is projecting an inflation rate of 1,600% in 2017.
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