Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent - Business (2)

Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent (33014 Views)

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Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by estyvino(m): 8:43am On Jul 29, 2018

Them get free visa?

I no do again for this government

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by 49cents(m): 8:43am On Jul 29, 2018

and buhari claims it inherited a bad economy

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by Hector09(m): 8:43am On Jul 29, 2018

Remind me of zimbabwe when one million zimbabwe dollar can not buy u bread its well, same here in Nigeria cus we are geting there soon razor blade is now 30 naira

2 Likes

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by dontbothermuch: 8:44am On Jul 29, 2018

Wetin happen to their oil na

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by UNRULY(m): 8:44am On Jul 29, 2018

Is Buharis their president there? undecided

2 Likes 1 Share

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by Lordsocrates: 8:45am On Jul 29, 2018

Worst wud had befallen us if we were still in d looting era

9 Likes

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by BedLam: 8:45am On Jul 29, 2018

BluntBoy:
That is what I keep on telling people. Buhari has tried well in managing the oil crisis. Some people think it is not an achievement but they forget that Nigeria is a third world country and for her to have survived the crisis, then the president deserves praise.

Idiot. Venezuela woes aren't from oil slump but bad leadership and the fact that they run a tight system of socialism. Get sense for once! What did Buhari managed ? Was that the first time oil prices went south ? Now that we have oil bounced back, why is the exchange rate not going back to previous bracket ?
One more time, get sense!

8 Likes 5 Shares

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by Howmon: 8:46am On Jul 29, 2018

What if Nigeria just buy fuel from venezuela

4 Likes

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by upower123(m): 8:46am On Jul 29, 2018

this one strong ooiiii

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by yungkels(m): 8:47am On Jul 29, 2018

Those glasses better read mind oo 1 billion gini?

1 Like

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by Nobody: 8:48am On Jul 29, 2018

my respect for the Fulani presido just doubled cause that was where we was heading in naija

7 Likes

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by madridguy(m): 8:48am On Jul 29, 2018

You are a patriot.

BluntBoy:
That is what I keep on telling people. Buhari has tried well in managing the oil crisis. Some people think it is not an achievement but they forget that Nigeria is a third world country and for her to have survived the crisis, then the president deserves praise.

9 Likes 2 Shares

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by Horus(m): 8:50am On Jul 29, 2018

https://www.youtube.com/watch?v=12FHQ-bbqGo

Venezuela to remove five zeroes from currency, Maduro says

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by Dsholz(m): 8:50am On Jul 29, 2018

Dis one kukuma weak my spirit.

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by estyvino(m): 8:50am On Jul 29, 2018

UNRULY:
Is Buharis their president there?

Guy your mouth dey leak oh grin

1 Like

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by carlcar2012(f): 8:50am On Jul 29, 2018

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by wickyyolo: 8:51am On Jul 29, 2018

This things happen as a result of corruption.

Death penalty should be made for corrupt cases

7 Likes 1 Share

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by uridadole: 8:51am On Jul 29, 2018

All mono cultural oil exporters are in deep crises. We must give kudos to Nigeria economic team and buhari for prudent economic management and diversification efforts.

11 Likes 2 Shares

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by Asquare84(m): 8:51am On Jul 29, 2018

This is why we need to thank God, Nigeria is an oil exporting country like Venezuela but things are not as bad as Venezuela

3 Likes

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by theoldpretender(m): 8:51am On Jul 29, 2018

udoka55555:
oops

I dreamt that I was a billionaire last night....maybe this is the interpretation..

I will pack my 10000naira to Venezuela and change it to Bolivar..

that will be like 1000000000 Venezuela currency!!!!!

off to Venezuela I go!!

Good luck

Venezuela has lots of beauties. (I'm not joking,they used to win Miss World lots of times)

4 Likes

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by theoldpretender(m): 8:52am On Jul 29, 2018

Asquare84:
This is why we need to thank God, Nigeria is an oil exporting country like Venezuela but things are not as bad as Venezuela

Yes, because while we import, we are not as import dependent as Venezuela.

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by ZAWs: 8:52am On Jul 29, 2018

"Venezuelan President Nicolas Maduro: now wants to remove five zeros from the worthless currency"

Same thing Ghana did some years back.
But still; It doesn't change anything as the currency value remains the same.
Quick recovery Venezuela

4 Likes

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by metroid(m): 8:53am On Jul 29, 2018

This is a result of sanctions from the US and EU to force the people to topple the government.

7 Likes 1 Share

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by UNRULY(m): 8:53am On Jul 29, 2018

estyvino:
Guy your mouth dey leak oh

e reach to ask oo grin

1 Like

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by skallion7(m): 8:54am On Jul 29, 2018

damn, another Zimbabwe case

1 Like

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by BluntBoy(m): 8:54am On Jul 29, 2018

BedLam:
Idiot. Venezuela woes aren't from oil slump but bad leadership and the fact that they run a tight system of socialism. Get sense for once! What did Buhari managed ? Was that the first time oil prices went south ? Now that we have oil bounced back, why is the exchange rate not going back to previous bracket ?
One more time, get sense!

But when oil prices dropped sharply in 2014, the government was suddenly faced with a gaping hole in its finances and had to cut back on some of its most popular programmes.

https://www.bbc.com/news/world-latin-america-36319877

6 Likes

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by theoldpretender(m): 8:54am On Jul 29, 2018

uridadole:
All mono cultural oil exporters are in deep crises. We must give kudos to Nigeria economic team and buhari for prudent economic management and diversification efforts.

True.

Bubu and his team did something Venezuela did not, save money EVEN when oil prices were low, and also.birng.in strict import restrictions.

I should also praise Emefiele, CBN governor, for midwifing some of the reforms too

9 Likes 1 Share

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by perdollar(m): 8:54am On Jul 29, 2018

countries of worthless millionaires

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by Nobody: 8:55am On Jul 29, 2018

Thank God Buhari came to the rescue in 2015, probably ours wldv been worse, Jonathan led PDP was borrowing money to pay workers when crude oil was selling at $65 per barrel. Many Nigerians will argue this point instead of them Googling it. The only Delta in Buhari's reign is d stupid killing in middle- B

17 Likes 1 Share

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by metroid(m): 8:55am On Jul 29, 2018

BedLam:
Idiot. Venezuela woes aren't from oil slump but bad leadership and the fact that they run a tight system of socialism. Get sense for once! What did Buhari managed ? Was that the first time oil prices went south ? Now that we have oil bounced back, why is the exchange rate not going back to previous bracket ?
One more time, get sense!

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by theoldpretender(m): 8:56am On Jul 29, 2018

metroid:
This is a result of sanctions from the US and EU to force the people to topple the government.

Sanctions yes, but made worse by the fact Venezuela is not diversified at all.

When you are importing even toilet paper (here in Nigeria we make most of the toilet paper we use here in Nigeria)

5 Likes 2 Shares

Re: Venezuela’s Bolivar Currency Worthless As Inflation Hits 1 Million Percent by Almaiga: 8:58am On Jul 29, 2018

This simply implies that, President Buhari and his team did well in managing the economy during and after the recession.

It is now that some Nigerians will appreciate Buhari.

14 Likes 1 Share

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