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Maria Horat

Venezuela’s Economic Collapse Was Enabled by its Central Bank

Mises Wire

Author: Maria Horat

Online Publish Date: January 22, 2019

Category: Money and Banks, World History

One of the most remarkable aspects of the economic meltdown in Venezuela is just how far the country has fallen in terms of economic prosperity. After all, Venezuela was the fourth richest economy in the w orld in the 1950s. The Venezuelan currency, “the bolivar” was one of Latin America’s strongest currencies during Venezuela’s peak from the

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