Venezuela's currency is worth so little now that artisans are using it to make purses.

Artisans in Venezuela are using the Venezuelan Bolivar to make sculptures, handbags, and other things because of how worthless the currency has become following Venezuela’s economic collapse.

Venezuela’s congress says annual inflation hit 24,600 percent in May. The minimum wage can not buy as little as a bottle of soft drink so citizens have begun turning colorful bolivar bills into a purse rather than to spend them on a purse or anything else. Alvaro Rivera is one of the artisans making products out of money.

The largest handbag Rivera sells on the streets of Cucuta is painstakingly woven from 1,000 individual bills totaling 100,000 bolivares. The value of that cash at money exchange houses in Cucuta is 17 U.S. cents. The bag, on the other hand, sells for $13.

"The price of the work has nothing to do with how many bills I use. What I’m selling is the art," Rivera said.

Venezuelans use their currency to make purses as minimum wage cannot even buy bottle of soft drinks (photos)

A bag of groceries, which cost $15 a year ago, now costs $3,960 in Venezuela. Those earning bolivares can no longer afford the basics. To feed a family of five for a month costs 20 times the monthly minimum wage, according to the Center for Labor Research and Analysis a Caracas-based nonprofit. The crisis is forcing millions of people to flee the country.

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More @ http://trendinghelm..com/2018/06/venezuelans-use-their-currency-to-make.html

Socialism has never worked.
Socialism makes no financial sense.

Zimbabwe things!



Look at those lovely swans!!!!!!

Caracas, here I come.

If PDP has remained in power this is what would have befallen us. So we better be grateful for at least this govt has saved us in this aspect.


People involved in the last govt should be lynched at sight.


God will punish the people involved in the recent killings in plateau and their sponsors.
Although, I'm not happy with Buhari for he hasn't found a forever lasting solution to these killings.

Sarkin:
If PDP has remained in power this is what would have befallen us. So we better be grateful for at least this govt has saved us in this aspect.

that wasn’t Jonathan’s plan , but is Buhari’s Regime better?

Thats what Chavez brought on dem with his stubborness. He was being a smartass by lying to his ppl. No different from d daft lots we have in govt. They are taking dis country on D highway to perdition. D 2 commenters above are imbes... In jus under 3yrs Nigeria has overtaken India in d poverty index, unemployment is now d new norm and our currency is "stable" at #360 and yet U ppl somehow want everyone else to believe u have sense with those comments?

jerryunit48:
that wasn’t Jonathan’s plan , but is Buhari’s Regime better?

things can't get perfect in a short while but his good works will be long lasting if not forever. Imagine that Buffon Jonathan and his circus freaks still stealing our country dry if they were in power and if they met recession. Then we'll get outta recession in the next 100 years. We will be trekking to Cameroon and Ghana for aid. God has saved us, we are lucky.

ok.

This is a thread that BMC crew will mastrubate over , show themselves and justify their pay..

Oya BMC carry go..

Sarkin:
things can't get perfect in a short while but his good works will be long lasting if not forever. Imagine that Buffon Jonathan and his circus freaks still stealing our country dry if they were in power and if they met recession. Then we'll get outta recession in the next 100 years. We will be trekking to Cameroon and Ghana for aid. God has saved us, we are lucky.

Even Okonjo couldn't hide this from the world.

https://www.vanguardngr.com/2016/04/nigeria-had-no-political-will-to-save-under-jonathan-okonjo-iweala/

https://www.premiumtimesng.com/news/top-news/238901-economy-okonjo-iweala-denies-criticising-buhari.html

http://www.informationng.com/2017/12/ngozi-okonjo-iweala-reveals-nigeria-facing-economic-hardship.html

https://www.vanguardngr.com/2012/06/okonjo-iweala-warns-of-economic-recession/

https://www.naija.ng/433579-nigeria-borrows-money-to-pay-govt-salaries.html#433579

https://www.premiumtimesng.com/business/182543-nigerian-govt-borrowing-billions-to-pay-salaries-okonjo-iweala.html

https://www.aljazeera.com/news/2015/05/150506055148505.html

The crazy thing is, they are still printing the money.

Thank God Nigerians chase PDP out of government if not, by now Nigeria situation could have been worst than Venezuela 10 times