The New Venezuelan Currency Is Just Three Weeks Old and Inflation’s Already 100%

Up, up, and away…

(From Bloomberg)

After a week and a half of no changes in the Bloomberg Cafe Con Leche Index, the price of a cup of coffee has surged the past two weeks, climbing to 50 bolivars from 25 bolivars. For those still struggling to get used to the new pricing system, 50 of today’s bolivars equals 5 million of the old ones.

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