As oil prices drop and hyperinflation encroaches, there have been wide-reaching consequences for the entire population of this country. Questions: 1. What are some of the limitations that citizens must live with? 2. In December, the Venezuelan president announced the withdrawal of the country’s largest banknote from circulation? Why did the government make this move?… Read more »
Posts Tagged: printing money
Is it better to look good than have money?
Here’s a quirky little story. American money has been consolidated into a single system of currency since the late 1800s. As part of this, U.S. dollars have been printed on a unique cotton blend paper, supplied by only one company (Crane) for more than a century. The chief cotton ingredient has been denim. However, since… Read more »