{"id":14866,"date":"2016-12-08T09:00:58","date_gmt":"2016-12-08T14:00:58","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=14866"},"modified":"2016-12-08T01:39:23","modified_gmt":"2016-12-08T06:39:23","slug":"venezuelans-are-just-weighing-cash-instead-of-bothering-to-count-it","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2016\/venezuelans-are-just-weighing-cash-instead-of-bothering-to-count-it\/","title":{"rendered":"Venezuelans Are Just Weighing Cash Instead Of Bothering To Count It"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2016\/12\/120816_0636_Venezuelans1.jpg\" alt=\"\" width=\"643\" height=\"362\" \/><\/p>\n<p>Fabiola Zerpa and Andrew Rosati showed us what Venezuelan hyper-inflation looks like:<\/p>\n<ul>\n<li>Inflation in Venezuela is running somewhere between 200% to 1,500% a year.<\/li>\n<li>For vendors still willing to accept Venezuelan currency, it&#8217;s not worth taking the time to count it. Instead many will just weight it to approximate its value.<\/li>\n<li>The government has been stubborn about releasing notes worth more than 100 bolivars.<\/li>\n<li>Today that&#8217;s worth just US$0.10. But the government has promised to print bills as big as 20,000 bolivars \u2013 in time for Christmas bonuses.<\/li>\n<li>Until then Venezuelans will lug around massive piles of cash. ATMs used to be restocked every few days, but now have to be restocked several times a day.<\/li>\n<\/ul>\n<p>Read more about life in a country dealing with hyper-inflation on <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2016-10-31\/tired-of-counting-piles-of-cash-venezuelans-start-weighing-them\">Bloomberg<\/a>.<\/p>\n<p>Via: <a href=\"http:\/\/marginalrevolution.com\/marginalrevolution\/2016\/12\/china-insurance-markets-everything.html\">Marginal Revolution<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fabiola Zerpa and Andrew Rosati showed us what Venezuelan hyper-inflation looks like: Inflation in Venezuela is running somewhere between 200% to 1,500% a year. For vendors still willing to accept Venezuelan currency, it&#8217;s not worth taking the time to count it. Instead many will just weight it to approximate its value. The government has been [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2016\/12\/120816_0636_Venezuelans1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/14866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=14866"}],"version-history":[{"count":3,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/14866\/revisions"}],"predecessor-version":[{"id":14869,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/14866\/revisions\/14869"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/14865"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=14866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=14866"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=14866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}