Tag Archives: coins

Venezuela coin scam update

Hannah Dreier, the wonderful AP correspondent in Caracas, reports that coins have disappeared there. And yet the Venezuelan mint says it continues to produce them (Excel sheet).

Here are the number of pieces in circulation over the past couple years:

Venezuela Central Bank pieces in circulation

Thanks to the miracles of Excel, I was able to use that table to calculate a minimum number of how many pieces have been minted in the past two years, past year, and past month. (Note that this is net of any coins intentionally taken out of service, but that number is probably very small.)

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