IMF: Venezuela’s inflation could top 1 million percent by end of 2018

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One million Venezuelan bolivar is today worth just over $8.

 

Inflation in Venezuela could top 1 million percent by the end of this year, according to the International Monetary Fund (IMF).

Shortages in food, water, medicine and electricity, as well as high crime, plague millions of Venezuelans, said Alejandro Werner, head of the IMF’s Western Hemisphere department. Continue reading