Economics

In the News

Hyperinflation in Venezuela - In Real Life

Geoff Riley

18th December 2016

This is a superb short radio clip from Radio 4 on life in Venezuela, a country with three exchange rates and suffering from hyperinflation. Gideon Long tries not to lose all his money as he changes cash in Venezuela

You can read a supporting article on the BBC news site here

Anything India does, Venezuela can do worse. Venezuela's demonetisation scheme has tempers flaring https://t.co/YmWC128hB2
— The Economist (@TheEconomist) December 16, 2016

Hyperinflation #venezuela, all these bills are worth only 3 U$ pic.twitter.com/mCSCQcjXYG
— Monica Villamizar (@monica_vv) December 16, 2016

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

@tutor2uGeoff