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Chart for article 'Venezuela's Great Bolivar Scam, Nothing but a Face Lift'
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Venezuela's Great Bolivar Scam, Nothing but a Face Lift

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Venezuela's Great Bolivar Scam, Nothing but a Face Lift

The bolivar has taken yet another deep dive. A new sovereign bolivar will replace the old bolivar. The conversion rate will be 100,000 old bolivars to 1 sovereign. These face lifts always accompany episodes of hyperinflations. The bolivar is in store for a face lift, and nothing more.

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