The good news is that, if you look at it over a long enough timeline, its currency hasn't changed much the past month. Indeed, it has the world's largest oil reserves, but has still managed to have the world's worst-performing economy. Which, according to black market rates, made Venezuela's currency, the bolivar, lose 99.1 percent of its value between the start of 2012 and the start of this October. As anyone who's taken Economics 101 could tell you, simply decreeing that prices won't go up and the currency won't go down won't work. Venezuela's currency hasn't changed much the last month, and has changed more than it has in any other single month before it.

Source: Washington Post November 04, 2016 13:23 UTC