{"id":14018,"date":"2016-05-02T09:00:39","date_gmt":"2016-05-02T13:00:39","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=14018"},"modified":"2016-05-01T23:17:50","modified_gmt":"2016-05-02T03:17:50","slug":"venezuela-is-struggling-to-afford-to-print-more-money","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2016\/venezuela-is-struggling-to-afford-to-print-more-money\/","title":{"rendered":"Venezuela Is Struggling To Afford To Print More Money"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2016\/05\/050216_0314_VenezuelaIs1.jpg\" alt=\"\" width=\"640\" height=\"480\" \/><\/p>\n<p>Zero Hedge covered one of the many alarming elements of Venezuela&#8217;s ongoing financial crisis:<\/p>\n<ul>\n<li>Hyperinflation in Venezuela has caused a financing crisis for the government \u2013 with public servants being required to take five day &#8220;weekends&#8221; in order to save money.<\/li>\n<li>The government has been trying to print money to make its payments \u2013 further fueling inflation and driving a vicious cycle.<\/li>\n<li>Venezuela has struggled to print the money itself \u2013 partly because the country has a shortage of the security paper, and metallic ink required to pump out the currency.<\/li>\n<li>So it has outsourced currency printing to other international vendors \u2013 who have been delivering bank notes by the 747 plane-load.<\/li>\n<li>Recently, however, it has emerged that the government has missed $71 million worth of payments to one of its vendors, and it&#8217;s unclear if the government will ever make that payment.<\/li>\n<li>It doesn&#8217;t help that the largest denomination note is for a mere 100 Bolivars \u2013 about ten American cents on the black market.<\/li>\n<li>The administration of Nicol\u00e1s Maduro, the President, could save a lot of money by releasing higher denomination notes that it wouldn&#8217;t have to print as many of.<\/li>\n<li>However, the government fears that this will contribute to inflation \u2013 right now, at least, prices are limited by the amount of notes that can be carried in a wheelbarrow.<\/li>\n<li>As it is Maduro&#8217;s government has stopped printing denominations of 20 Bolivars and below because they cost more to produce than they are worth.<\/li>\n<\/ul>\n<p>Read the full saga over <a href=\"http:\/\/www.zerohedge.com\/news\/2016-04-27\/end-venezuela-runs-out-money-print-new-money\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.zerohedge.com\/news\/2016-04-27\/end-venezuela-runs-out-money-print-new-money\">Zero Hedge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zero Hedge covered one of the many alarming elements of Venezuela&#8217;s ongoing financial crisis: Hyperinflation in Venezuela has caused a financing crisis for the government \u2013 with public servants being required to take five day &#8220;weekends&#8221; in order to save money. The government has been trying to print money to make its payments \u2013 further [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2016\/05\/050216_0314_VenezuelaIs1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/14018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=14018"}],"version-history":[{"count":3,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/14018\/revisions"}],"predecessor-version":[{"id":14021,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/14018\/revisions\/14021"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/14017"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=14018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=14018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=14018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}