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Venezuelan Bolivar - What Can It Buy You? - Foreign Affairs (3) - Nairaland

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2 Ex-US Soldiers Attempt To Assasinate Maduro, Venezuelan President / President Donald Trump Freezes All Venezuelan Govt Assets In The US / Venezuelan Military Truck Ran Into Citizens Protesting Against President Maduro (2) (3) (4)

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Re: Venezuelan Bolivar - What Can It Buy You? by hahahahahaha(m): 2:11pm On Aug 21, 2018
SmartyPants:
Seems their currency is literally not worth the paper it is printed on.

Lmfao. This statement fits 100% with the Bolivar currency. First time this statment made sense to me.
Re: Venezuelan Bolivar - What Can It Buy You? by Krafty006: 2:11pm On Aug 21, 2018
may we not see this in naija ooo......say no to Chinese Gucci and sri Lanka Prada, order for quality handmade shoes and sandals 08181663616
Re: Venezuelan Bolivar - What Can It Buy You? by AfonjaSlaves(f): 2:11pm On Aug 21, 2018
if we allow that clueless tyrant zai Barber back to aso rock next year, Venezuela is going to be better than us... mark my words
Re: Venezuelan Bolivar - What Can It Buy You? by OgogoroFreak(m): 2:12pm On Aug 21, 2018
Where did banks in that country now stores peoples money?
Re: Venezuelan Bolivar - What Can It Buy You? by Nobody: 2:14pm On Aug 21, 2018
DonX001:

Lol, and I hear say dem chics fine well well...

Aswear mehn... na to just arrange vacation there settle down dey form don for there with some cents.

1 Like

Re: Venezuelan Bolivar - What Can It Buy You? by Mankosi: 2:15pm On Aug 21, 2018
Chai. So if I want to buy biscuit I will carry school bag stocked with money just to buy only one biscuit.
Re: Venezuelan Bolivar - What Can It Buy You? by ogbonti: 2:21pm On Aug 21, 2018
This is a lesson for SOWORE, who is busy touting N100k minimum wage. It's not about the quantity or amount you pay as wages but the purchasing power of that currency you are paying the wages with. I know his disciples are waiting for me to give him ideas, lai lai, I paid a lot to get my US MBA, I won't offer free advise relating to these issues here on naira land. If you need consultancy services, PM me!

5 Likes 1 Share

Re: Venezuelan Bolivar - What Can It Buy You? by Nobody: 2:24pm On Aug 21, 2018
NIGERIA WILL BE WORST WHEN THE OIL STOPS FLOWING
Re: Venezuelan Bolivar - What Can It Buy You? by SexTin(f): 2:27pm On Aug 21, 2018
nely:
Just imagine an emigrant who just came in newly decided to rob someone after seeing this huge amount with someone only to discover it worth of sanitary pad... � � �
grin grin
Re: Venezuelan Bolivar - What Can It Buy You? by AleAirHub(m): 2:27pm On Aug 21, 2018
Please can any Igbo brothers tell me any opportunities from this grin grin grin because I need to pickup my visa n book my next flight ticket cheesy cheesy cheesy
Re: Venezuelan Bolivar - What Can It Buy You? by Maski87: 2:28pm On Aug 21, 2018
Some countries should be shut down
Re: Venezuelan Bolivar - What Can It Buy You? by Prinxxdave: 2:28pm On Aug 21, 2018
And fine fine girl full that country o
Re: Venezuelan Bolivar - What Can It Buy You? by AreaFada2: 2:31pm On Aug 21, 2018
Pathetic.

This country was offering scholarships and aid to many CARICOM citizens and countries just 10 years ago.

1 Like

Re: Venezuelan Bolivar - What Can It Buy You? by Josh44s(m): 2:35pm On Aug 21, 2018
Dudeweedlmao:
This will be Nigeria's case if we continue with Buhari.
Re: Venezuelan Bolivar - What Can It Buy You? by phkka1(m): 2:36pm On Aug 21, 2018
Their economy needs the urgent attention of former governor of central bank of Nigeria, Prof. Soludo. Currency re denominations is the answer. Possibly dividing by 1,000,000.

1 Like

Re: Venezuelan Bolivar - What Can It Buy You? by pat077: 2:38pm On Aug 21, 2018
It's better they revert to trade by bater

2 Likes

Re: Venezuelan Bolivar - What Can It Buy You? by Greatzeus(m): 2:40pm On Aug 21, 2018
beatmonster:
The poster above me (Dudeweedlmao) is a weed smoker. No wonder he is spiting this bulls**t

Buhari is determined to get us to this level.

#Neveragain shall Nigerians vote for a man who has no WAEC certificate, a man that has not run any successful business, an ethnic bigot and religion fanatic
Why the insults now? Did Op offend you before?
Why are you people always bitter and pained when PMB is complimented? Why can't you make your own comments and praise your own " hero"?
Everybody can not go the same way politically,there will be divergents,that's the reality of life.
Re: Venezuelan Bolivar - What Can It Buy You? by musicwriter(m): 2:41pm On Aug 21, 2018
They can eliminate their suffering with Bitcoin. Bitcoin is all they need.

1 Like

Re: Venezuelan Bolivar - What Can It Buy You? by Asazwalingwa: 2:42pm On Aug 21, 2018
BruncleZuma:
On Monday, Venezuelan President Nicolas Maduro will issue a new currency to manage the country's runaway inflation, which the IMF predicts will hit 1,000,000% this year.

The Venezuelan bolivar has become near-worthless, following a severe economic downturn. To show the extent to which hyperinflation has gripped the country, Reuters photographer Carlos Garcia Rawlins created images of everyday food and household items alongside the amount of money it costs to buy them.

A 2.4kg chicken has been costing 14,600,000 bolivars (equivalent to $2.22, or £1.74) in the capital, Caracas.


Last Thursday, a toilet roll cost 2,600,000 bolivars.


Three million bolivars for these carrots.


Venezuelans have been stocking their homes with food before the measures take effect on Monday, amid concerns that confusion and overburdened banking systems could make trade impossible.

A packet of 1kg of rice cost 2,500,000 bolivars.


In July this year inflation hit 82,700%.

Alicia Ramirez, 38, a business administrator, spoke to Reuters in a supermarket in the western city of Maracaibo: "I came to buy vegetables, but I'm leaving because I'm not going to wait in this line.

"People are going crazy."

For a packet of sanitary pads you need 3,500,000 bolivars.


A kilo of tomatoes? That'll be 5,000,000 bolivars.


Monday has been declared as a public holiday, the same day as internet banking operations are halted for several hours and a new set of notes with lower denominations are introduced.

A kilogram of cheese is pictured next to 7,500,000 bolivars.


Nappies could be purchased for 8,000,000 bolivars


And a kilogram of meat cost 9,500,000 bolivars.



Source: https://www.bbc.co.uk/news/amp/world-latin-america-45246409


Na im we dey cry for Naija?

1 Share

Re: Venezuelan Bolivar - What Can It Buy You? by RiyadhGoddess(f): 2:49pm On Aug 21, 2018
Haa this one na compulsory hunger o
Re: Venezuelan Bolivar - What Can It Buy You? by wink2015(m): 2:50pm On Aug 21, 2018
EgunMogaji:
Nairalanders that love putting Nigeria down as the worst country in the world, see all of una life outside grin

Nigeria is actually one of the greatest countries on earth. She’s not perfect but she’s not totally rotten.

NIGERIA IS DUE FOR RESTRUCTURING.

IF NOT THE COUNTRY IS ZOOMING TO ITS DOOM!

NIGERIA CASE WILL BE WORST THAN VENEZUELA, AN OIL PRODUCING COUNTRY.

1 Like

Re: Venezuelan Bolivar - What Can It Buy You? by Checked86: 2:50pm On Aug 21, 2018
wheelbarrow pushers will make bucks moving the worthless around
Re: Venezuelan Bolivar - What Can It Buy You? by phr33man(m): 2:50pm On Aug 21, 2018
BruncleZuma:
On Monday, Venezuelan President Nicolas Maduro will issue a new currency to manage the country's runaway inflation, which the IMF predicts will hit 1,000,000% this year.

The Venezuelan bolivar has become near-worthless, following a severe economic downturn. To show the extent to which hyperinflation has gripped the country, Reuters photographer Carlos Garcia Rawlins created images of everyday food and household items alongside the amount of money it costs to buy them.

A 2.4kg chicken has been costing 14,600,000 bolivars (equivalent to $2.22, or £1.74) in the capital, Caracas.


Last Thursday, a toilet roll cost 2,600,000 bolivars.


Three million bolivars for these carrots.


Venezuelans have been stocking their homes with food before the measures take effect on Monday, amid concerns that confusion and overburdened banking systems could make trade impossible.

A packet of 1kg of rice cost 2,500,000 bolivars.


In July this year inflation hit 82,700%.

Alicia Ramirez, 38, a business administrator, spoke to Reuters in a supermarket in the western city of Maracaibo: "I came to buy vegetables, but I'm leaving because I'm not going to wait in this line.

"People are going crazy."

For a packet of sanitary pads you need 3,500,000 bolivars.


A kilo of tomatoes? That'll be 5,000,000 bolivars.


Monday has been declared as a public holiday, the same day as internet banking operations are halted for several hours and a new set of notes with lower denominations are introduced.

A kilogram of cheese is pictured next to 7,500,000 bolivars.


Nappies could be purchased for 8,000,000 bolivars


And a kilogram of meat cost 9,500,000 bolivars.



Source: https://www.bbc.co.uk/news/amp/world-latin-america-45246409


How much be minimum wage now for there?
Re: Venezuelan Bolivar - What Can It Buy You? by LordAdam16: 2:53pm On Aug 21, 2018
EgunMogaji:
Nairalanders that love putting Nigeria down as the worst country in the world, see all of una life outside grin

Nigeria is actually one of the greatest countries on earth. She’s not perfect but she’s not totally rotten.

Better use your brain.

Venezuela have better electricity today than we do. Gasoline is almost free. Their problem is the extreme socialism practiced by the ruling party. If not, Venezuela and Nigeria no be mate. This is a country that eliminated malaria until the economic sh*tstorm fueled a resurgence. Stop looking for people to compare to your misery. What's wrong with you people sef?

All the other stable countries in Latin America are by far better than Nigeria, from Argentina to Peru. You wouldn't compare us to them, it's only the backwater nations facing momentary disasters you'd use as a yardstick. Says a lot about the state of the nation.

Venezuela tried an experiment starting in the 2000's. It failed. Their President recently finally accepted they have to change things. Here, after 60 years of independence and things are clearly not working, we're still begging people to accept that we have to restructure.

-Lord
Re: Venezuelan Bolivar - What Can It Buy You? by beatmonster(m): 2:59pm On Aug 21, 2018
Greatzeus:

Why the insults now? Did Op offend you before?
Why are you people always bitter and pained when PMB is complimented? Why can't you make your own comments and praise your own " hero"?
Everybody can not go the same way politically,there will be divergents,that's the reality of life.


I don't normally reply your kind but for the sake of posterity of the nation, I have to.

Anybody complimenting Buhari is either ignorant, scheming or benefitting from most corrupt and useless administration in the history of this country.
Re: Venezuelan Bolivar - What Can It Buy You? by dometome: 2:59pm On Aug 21, 2018
itswell1:

Govt was borrowing to pay salaries to worker's ,state government could not 0ay salaries during PDP era.
Buhari came in and stopped the haemorrhage in Nigeria caused by PDP.
Now he is leading Nigeria to recovery.
Sai baba till 2023
lies. The recession was caused by the pedophile buhari. 30,000 naira stipend you receive from the BMC is what is talking, not you, an idi0t that said he will stop his ministers from traveling abroad for medical purposes is now the face of medical tourism, When Yaradua was president, he went to Obudu ranch for vacation, GEJ did his own in his village, how many times did Tony Blair, David Cameron or Theresa May visit nigeria for vacation? Useless people.

1 Like

Re: Venezuelan Bolivar - What Can It Buy You? by hucienda: 3:00pm On Aug 21, 2018
Little wonder some head northwards, legally or illegally.
Re: Venezuelan Bolivar - What Can It Buy You? by PHILipu1(m): 3:01pm On Aug 21, 2018
beatmonster:
The poster above me (Dudeweedlmao) is a weed smoker. No wonder he is spiting this bulls**t

Buhari is determined to get us to this level.

#Neveragain shall Nigerians vote for a man who has no WAEC certificate, a man that has not run any successful business, an ethnic bigot and religion fanatic
No,PDP would have got us to this level when crude oil price crashed.

We should thank God for Buhari and Osinbanjo
Re: Venezuelan Bolivar - What Can It Buy You? by dometome: 3:02pm On Aug 21, 2018
Akpuoru:
Nigeria would've been this way if Jonathan had continued. Moduro had been playing the father Christmas, eating the future of Venezuela. You do not eat your cake and have it. I agree that things are tough but that is called saving for the rainy days. You do not eat every thing you have simply because they appear inexhaustible.
We have sacrificed so much for us to allow hawks to come and squander our gains. This is the very reason I want PMB to continue. Let's complete this tortuous sacrifice and reap its benefits. This is indeed the worst we can get except we hand over to destroyers. The future is bright.
STFU! you fvcking ignorant.
Re: Venezuelan Bolivar - What Can It Buy You? by LordAdam16: 3:02pm On Aug 21, 2018
kerry57:
America wicked die. See wetin they don turn Bolivia into just because Trump maduro disagreements. The masses are suffering it. Not fair from my own view.

Turkey is next.

I don't know what's wrong with these st*pid leaders. Any small thing they'd try to challenge established authority, forgetting that there are other countries that don't see eye to eye with Washington, but were careful to fortify their countries under the radar before challenging Washington. Countries like China, Iran, Cuba will never become like Venezuela regardless of whatever America does.

That's the way Mugabe and Gaddaffi were f**ling themselves. Where are they today? Very self*sh, short-sighted, st*pid f*ckers!

-Lord
Re: Venezuelan Bolivar - What Can It Buy You? by beatmonster(m): 3:02pm On Aug 21, 2018
PHILipu1:

No,PDP would have got us to this level when crude oil price crashed.

We should thank God for Buhari and Osinbanjo

mumu
Re: Venezuelan Bolivar - What Can It Buy You? by deleo16(m): 3:03pm On Aug 21, 2018
ogbonti:
This is a lesson for SOWORE, who is busy touting N100k minimum wage. It's not about the quantity or amount you pay as wages but the purchasing power of that currency you are paying the wages with. I know his disciples are waiting for me to give him ideas, lai lai, I paid a lot to get my US MBA, I won't offer free advise relating to these issues here on naira land. If you need consultancy services, PM me!
I feel u bro what this country need is a strong institution (light,security,good road ,reformed police,good healthcare package)not increasing in minimum wage that what people should clamour for if salaries are increased IYa skira will increase price of her fish stock ,chinoso will increase price of his shoe ,hawudu will increase the price then price of goods and services will go up

1 Like

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