The lighter (heavier?) side of devaluation

Screen Shot 2015-07-08 at 12.45.25 PMTurns out it can be a good thing to have your biggest banknote worth only USD 0.20. That way nobody can carry a significant amount of money. Just too damn heavy.

Thieves in Caracas today hit a bank at the very moment when its vault was open, allowing them to get the unusually large haul of BSF 2.4 million, newspaper El Nacional reports. However they abandoned a sack with almost 1.8 million bolivars in it outside the bank, and got away with only 647,000. That’s about USD 1,440 at the market rate.

 

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