Here's how Venezuela is turning its worthless bank notes into gold

Venezuela capital and currency cole sprouse photography nyu Here's how Venezuela is turning its worthless bank notes into gold The existence of Maduro's gold program is well-known. How it functions is not. With the country's economy in meltdown, an estimated 300,000 fortune hunters have descended on this mineral-rich jungle area to earn a living pulling gold-flecked earth from makeshift mines. [PUNIQGOOGLESNIPMIX-1

venezuela inflation

Share to twitter Share to linkedin Picture of 10. At that rate, the price of a cup of coffee doubles between your weekly paychecks. That is what the citizens of Venezuela are facing, according to a recent report from the IMF. Blessed with the largest oil reserves in the world, the country had a steady stream of USD revenue and immense per-capita wealth.

Venezuela's currency crisis explained

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venezuela map

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venezuela currency

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