Friday, April 29, 2016


I have a bunch of currency from my travels and most of it will be made into crafts, but I was curious what some of it was worth so I researched the value and saw some alarming trends. Venezuela is the worst one, which is saying a lot because the Mexican Peso has lost about half it's value since I first started this blog and drove to La Paz back in early 2009. I settled in the Baja right around the time of a big crash in value that translated to making Oggy a rich Mexican. Little did I know that 13 pesos to the dollar was just the beginning and 7 years later it peaked at 19 pesos to the dollar. Before the housing crash of 2008 the exchange rate was 9.5 pesos to the dollar.

This is ominous. The Venezuela chart appears like pure political denial/deceit, followed by a quick period of devaluation. The others appear more honest political ineptitude.
Nicaraguan currency is steadily crashing, but the award goes to Venezuela for something bordering on epic collapse to make Greece feel slightly better about defaulting on 1.7 Billion. Venezuela's currency inflation rate is around 700% and it has lost 500% of it's value since 2008. The government is operating on 2 day weeks because it has no money to pay workers, and this shady article suggest it has no money to print new money.

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Man in the Van by Oggy Bleacher is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.