Pictorial View of Inflation In Venezuela
Hyperinflation is something that the Venezuelan citizens have been experiencing for some time. This hyperinflation coupled with the country going into economic recession left the country no choice but to make use of the U.S dollar as a means of currency to trade their daily transactions.
Their currency is so inflated that their currency note value can’t afford the materials used in printing the notes. This is why some of the citizens have adapted to crypto to beat this inflation. I fear that this where we might find ourselves in Nigeria in few years time. The Nigerian currency keeps reducing in value over the years. I hope most Nigerian youths don’t make the mistake of leaving their money in Naira, because with time their money will lose its value and they will be worth far lesser.
The youths and citizens of Nigeria should learn from the Venezuelan people. Below is a visual representation of what the Venezuelan currency, the Venezuelan bolivar can afford.
