RE: ADSactly World - Venezuela and the absence of respect towards private property

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ADSactly World - Venezuela and the absence of respect towards private property

in freedom •  7 years ago 

So if we were to buy $100 in Venezuelan money would we when Venezuela gets back to a good financial situation be real millionaires?

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No, because the lost value is lost forever. After periods with high inflation, that inflation is never reversed.

What could happen is that your 100$ end up being worth less than 10$, probably less than 1$.

I mean, you would be a millionaire, but with a currency that doesn't hold value so it is pretty much worthless.