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How to Stop Venezuela’s Hyperinflation? Brazil Offers an Idea

April 02, 2019

There is no magic bullet for curing Venezuela’s hyperinflation. Although over the past several years Nicolás Maduro has flirted with the introduction of virtual currencies, slashed zeroes from mind-blowing values, and implemented half-baked currency reforms, none of these attempts have even remotely solved the problem. Venezuela’s prices have continued to triple on a monthly basis, making it the most severe hyperinflation to ever affect Latin America.

Given Maduro’s incompetence, and the Venezuelan public’s total loss of faith in his ability to administer the economy, it seems...

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