Venezuela's 48 pounds of fish is only enough for a bag of milk! The stock market plunged 92%, and the inflation rate was close to 100,000 times.

1comment 2019-04-15 18:58:17 source:Brokerage China Author:Aijia The second beauty energy comes!

Venezuela always gives people "shock" and "hi".

  Venezuela always gives people "shock" and "hi".

  In the past 10 months, the Venezuelan stock market has fallen from 123,355 points to the current 10,318 points, a drop of over 91.63%, which is the world's number one. After that, the country's stock market has once again won the world's best because of the rapid increase, from the first increase to the first The decline was the first, and the situation behind the sharp rise and fall was that Venezuela’s inflation and currency depreciation were still worrying. It is estimated that by the end of 2019, Venezuela's inflation rate will exceed 10000000% (100,000 times).

  Looking at the data, I feel that this inflation rate is illusory as if it were a digital game. Moreover, serious inflation makes cash basically unable to circulate, and the people seem to have returned to the primitive era. Many people start to exchange things in the market every day, and exchange goods for goods, milk, flour and other necessities, 48 ​​pounds of sardines. You can only change to a bag of milk, sometimes you have to stay in the market for a few hours before you can change to what you need.

The stock price fell more than 90% in 10 months

  More than half a year ago, the world was concerned about the Venezuelan stock market. Recently, the Venezuelan stock market has also received much attention, but the direction of the K-line chart is different.

  Previously, the Venezuelan stock market had occupied the headlines for more than 72.45 times in the year. Now, because it has fallen by more than 91.63%, the investors who invested in the Venezuelan stock market not only have to bear the losses caused by inflation and currency depreciation, but also have to bear The "heartbeat" brought by the fall in stock prices.

  As of now, the Venezuelan stock market reported 10318.79 points, down from the highest of 123,355 points last year, down 91.63%.

  48 pounds of fish is only enough to change a bag of milk! The country returned to the era of barter exchange, the stock market fell 92% in 10 months, the inflation rate is close to 100,000 times

  In the past year, Venezuela’s inflation rate soared by 13779%. This figure confirms previous estimates and shows that Venezuela is the country with the highest global inflation rate so far. The previous stock market rally did not bring wealth to investors due to currency overshoot, let alone the stock market fell.   

Return to the original society! 48 kg of fish can only be changed into a bag of milk

  Since the Venezuelan official no longer publishes inflation data, market participants and major institutions can only rely on guessing to estimate their approximate inflation rate. InternationalMonetary FundThe organization (IMF) estimates the inflation in Venezuela in recent years, probably knowing how serious the current currency crisis in Venezuela is. Before the launch of the new currency sovereign Bolivar last year, in 2015, Venezuela's inflation rate reached about 120%, and then opened up an explosive exponential growth path:

  In 2016, the IMF estimated that its inflation reached more than 480%; in 2017, the IMF directly estimated that its inflation will exceed 1600%. But by 2018, after Venezuela launched the new currency sovereign Bolivar, the IMF estimated that its annualized inflation rate will exceed 1000000% (10,000 times)! It is estimated that by the end of 2019, Venezuela's inflation rate will exceed 10000000% (100,000 times).

  Venezuela is still in deep economic crisis. Severe inflation makes cash basically unable to circulate. People seem to have returned to the primitive era. Many people start to exchange goods and exchange goods in the market every day to exchange for essentials such as medicines, milk and flour. 48 pounds of sardines can only be exchanged for a bag of milk. Sometimes you have to stay in the market for a few hours before you can switch to what you need.

  48 pounds of fish is only enough to change a bag of milk! The country returned to the era of barter exchange, the stock market fell 92% in 10 months, the inflation rate is close to 100,000 times

  48 pounds of fish is only enough to change a bag of milk! The country returned to the era of barter exchange, the stock market fell 92% in 10 months, the inflation rate is close to 100,000 times

  48 pounds of fish is only enough to change a bag of milk! The country returned to the era of barter exchange, the stock market fell 92% in 10 months, the inflation rate is close to 100,000 times

  48 pounds of fish is only enough to change a bag of milk! The country returned to the era of barter exchange, the stock market fell 92% in 10 months, the inflation rate is close to 100,000 times

  48 pounds of fish is only enough to change a bag of milk! The country returned to the era of barter exchange, the stock market fell 92% in 10 months, the inflation rate is close to 100,000 times

  Venezuela returned to the era of bartering, which caused anxiety among the International Monetary Fund (IMF) and the World Bank (WB). The head of the International Monetary Fund, Lagarde, said that the agency is ready to welcome Venezuela’s “request for help”. That day, but stressed that the required support will be "huge", and the Venezuelan crisis has some margins beyond the economy, such as immigration, political situation and so on.

  It is worth mentioning that Venezuela's stock market is small, with only 11 benchmark indices.Listed company, including banks, a telecommunications company, and a familySteelManufacturer.

  Venezuela is one of the countries with the most proven oil reserves, with 296 billion barrels. The oil industry is a pillar industry in Venezuela. Oil revenue accounts for more than 70% of the country's GDP. 96% of Venezuela’s export revenue comes fromcrudeThis means that any fluctuation in oil prices can bring about the difference between huge wealth and near poverty. Venezuela is caught in the current predicament. The reason for the Venezuelan government’s excessive spending on social welfare over the years has plagued the crisis of improper management of infrastructure and the collapse of the farm. The plunge in oil prices directly gave the Venezuelan economy a heavy blow. Since the oil price began to plunge in 2014, Venezuela’s economy began to have problems.

  In particular, two large-scale power outages occurred in March this year, which greatly reduced oil supply. During the power outage in March, Venezuela’s oil production plummeted by 50%. The first blackout was on March 7, an accident at the Guri Hydropower Station, causing the largest power outage in Venezuela's history, and 20 of the 23 states lost power. On March 25, the hydropower station suffered another accident, and at least 21 of the 23 states experienced a new round of large-scale power outages.

  With the chaos of the Venezuelan economy and other situations, VenezuelaCrude oil marketThe influence is gradually weakening.

   Love to buyBitcoinVenezuelan

  As Venezuela's economic turmoil is growing and has the highest inflation rate in the world, Venezuelans see digital currency as a safe alternative. Although virtual currency is prone to extreme volatility, this volatility is negligible compared to the depreciation of Bolivar, as it has recently been on the black market.DollarDepreciated to 845,000.

  Earlier this year, the Venezuelan government had released its own "cryptocurrency" oil coin, which was said to have been supported by oil barrels in the country's crude oil reserves, which attracted $735 million on the first day of pre-sale. The coin has also become the legal digital currency issued by the first country in human history.

  Considering the current economic situation, citizens naturally seek people to find an alternative means of value storage, and cryptocurrency is one of them. Although the Venezuelan government has introduced “coin coins” closely related to the value of crude oil, the local miners’ enthusiasm for oil coins does not seem to be high. Many people still want to tap bitcoin. In Venezuela, bitcoin trading volume has reached a new high every week.

  Venezuela experienced its first cryptocurrency boom in early 2017, when Bitcoin traded in a week reached a record 805. Since then Bitcoin has cooled down, but LocalBitcoins data shows that from the end of 2018, Venezuela's bitcoin transaction volume has increased by 47%. As Venezuela's situation worsens, cryptocurrencies such as Bitcoin become the primary value of the Venezuelan people. tool.

  Venezuela previously announced the promulgation of a "constitutional decree on the overall system of encrypted assets." Under this law, almost all activities related to cryptocurrencies, including mining, storage, trading, trading platforms, distribution and sales of digital assets, are considered part of this complete system. Under the new law, Venezuelan state agencies have the power to regulate all matters related to encryption and digital assets.

Keyword reading:Venezuela stock market

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