LOOSE CHANGE: SEPTEMBER 23, 2018

Interview: Michael Gasvoda

To read the complete article, see:
Interview with the new owner of CNG, Michael Gasvoda (https://www.coinsweekly.com/en/News/Interview-with-the-new-owner-of-CNG-Michael-Gasvoda/4?&id=5622)

Hyperinflation Through History

Venezuelans are living through one of the worst hyperinflation episodes ever recorded since the end of World War Two.

Prices have hit a new high in August, peaking at 65,000% a year, says Steve Hanke, a professor of applied economics at Johns Hopkins University, Baltimore, and one of the world's leading experts on hyperinflation.

Under President Nicolas Maduro, inflation stands at around 150% a month, says Prof Hanke - hyperinflation is defined as when inflation rates are greater than 50% per month and persist for more than 30 consecutive days.

While Venezuela is currently the only country in the world experiencing hyperinflation, there have been at least 58 episodes throughout history

To read the complete article, see:
How do you solve catastrophic hyperinflation? (https://www.bbc.com/news/business-45523636)

Hyperinflation has ravaged Venezuela’s economy, and its old bolivar notes are worth next to nothing. But for some enterprising artists, these useless notes are an economic opportunity.

To read the complete article, see:
The people making bags out of worthless money (http://www.bbc.com/capital/gallery/20180918-the-people-making-bags-out-of-worthless-money)

	NBS (coinbooks.org) Web