Speaking of Venezuelan commodity hemorrhages

This post about the shortage of small change in Venezuela reminded me to update these charts, which I’ve never posted here.

Venezuela currency in circulation by value

Venezuela currency in circulation by value

That’s Venezuelan cash in “circulation.” I put the sarcastiquotes on there for the following reason:

Venezuela cash by number of coins or bills

Venezuela cash by number of coins or bills

Those coins, all that stuff at the bottom of the chart? Where oh where could they be? Note the huge number of 5-cent coins; also note that they are the color of copper. I think we can guess the rest of that story.

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