Venezuela is immersed in predicament of a new economy.
According to " new York Times " reported on August 16, up to 15 days, the inflationary rate of Venezuela already was as high as 32714 ％ .
To this, venezuela government tries to give out a solution: Distribute a kind of new money, it is to want at first crossed old soft above of the value " 3 0 " , change soft color.
To this, the market and economic academia not show respect for, active money " made of baked clay Er of strong Bo benefit " still be in devalue continuously. Subsequently, this country decides again crossed " two 0 " .
On July 25, venezuela president Maduluo announces, the name is " made of baked clay Er of dominion Bo benefit (Var of Sovereign Bol í ) " new money will from next week one (20 days) begin current. He announces at the same time, made of baked clay Er of benefit of 1 dominion Bo will be equal to 1000 active moneys from what plan formerly made of baked clay Er of strong Bo benefit, instead is equal to made of baked clay Er of benefit of 100000 strong Bo.
On August 16, tall of Venezuela minister of foreign affairs treats A of · A Lei to plunge into (Jorge Arreaza) pushing go up especially express, distributing new money is governmental economy anabiosises the one part of the plan, and OK and significant blow international commits a crime the behavior of the gang, "Domestic and international a series of shocking interests will be kept clear of. "Domestic and international a series of shocking interests will be kept clear of..
According to Venezuela south TV station (TeleSUR) 17 days of reports, people thinks generally, the behavior of moneys of these smuggling of monetary crime gang is the cause that causes money of this home products to devalue, farther aggravate the economic predicament of Venezuela. Before this, venezuela government official ever pointed to identify gang of the crime that cross a state to contraband a large number of Venezuela to this money Bo benefit covers with tiles Er enters a country and be held accuse " blackmarket " exchange rate.
The coffee in 7 months raises price 40 for many times
Nuowake (Yosmar Nowak) in Venezuela capital Jialajiasi opened a cafes, look in her, the government did not make clear at present, the method of effective will solve inflation -- the price that the government cannot lower a cup of coffee even.
Nuowake tells " new York Times " , between 7 since this year many months, she already must raise price at least 40 times for the coffee of sale, current, the price of a cup of coffee is as high as Er of tile of benefit of 2 million Bo.
Of coffee price rising, place of the economist in the hyper inflation that map gives Venezuela government institute to be faced with says " barrow problem (Wheelbarrow Problem) " -- arrive when devaluation worthless when, what people needs to cost one whole barrow is soft will do business.
Consequently, simple more trade a money and cannot from go up at all solve inflationary problem, a lot of history experience of associate with make clear, without appropriate plan, in the money by stroke " 0 " will go up very quickly come back.
"We predict minimum wage will rise at least 1000 ％ , of course, inflation also is met such. " Nuowake predicts pessimisticly. Coffee value of Nuowake made of baked clay Er of benefit of 20 dominion Bo, but issue formally in new money next week one, she will not open the door do business.
Jialajiasi's builder Garcia (A of Edwin Garc í ) trying to calculate how much is his new income after all. "I am done muddleheaded. " he says.
Now, the capital adds Lajiasi a lot of shops inside the city quote with the dollar only, in order to avoid promiscuous.
Face difficult problem likewise, still have Venezuela the Er of tile of chief Bo benefit of gas station of a suburb (Var of Alejandro Bol í ) , he tells " new York Times " , the government has not sent a person to be replacement of cash register money new money, also did not explain to them from the government that when has need test and verify to buy the home attestation gets stuck.
He says to mention " governmental attestation gets stuck " , another policy that matters to Venezuela government to come on stage for nick inflation -- promotion oil price.
In teem with petrolic Venezuela, people is enjoying extremely low gas price at present, governmental commitment will continue to had registered the person that governmental attestation gets stuck and has registered car to the government to provide fuel subsidy for those, but those Venezuelans that had not registered criterion can the international price with higher comply with undertakes disbursement.
Of Venezuela soft count an import
Crossed currency is strong on Bo benefit made of baked clay Er " 0 " a number and promotion oil price, be Venezuela president Maduluo tries one of practices that a series of economy of make vigorous efforts to turn the situation change.
The analysis thinks, more important is the cause that causes this crisis. Venezuela government relies on state-owned Petroleum Company to sell crude oil will repay debt. But administrative not to be pooh-poohed of the government brings about Venezuela day is petroliferous July the volume drops reach 1.2 million pails.
Face the current situation that oil is in short supply, the government gets lost central bank, preparation issues more bank note. The report says, although be inside short time, this kind of practice can alleviate governmental an extremely urgency, but such doing in order to sacrifice the interest of the people of made of baked clay Er of strong Bo benefit is all hold cost -- excessive imprint bank note can bring about existent money to devalue considerably.
Economist thinks, imprint the difficult problem that bank note solves hyper inflation of Venezuela keep within limits feebly.
To this, han Ke once had provided advisory service with its, the Yugoslavia that faces hyper inflation likewise is exemple:
This country was in 1990 its are soft went up 4 " 0 " , after two years take out " 0 " , mixed in October 1993 will part once more in December take out mix 9 6 times " 0 " , at the beginning of second year take out 7 " 0 " . At that time, yugoslavia imprints of bank note factory presswork speed does not follow completely already to go up this country inflationary change.
However, han Ke points out, maduluo imprints repeatedly however bank note factory is done not have, of Venezuela soft count an import.
"I do not have a law completely to imagine this occasion. " Han Ke says, "Unless change economic policy, do not have any meanings otherwise. Do not have any meanings otherwise..
Count on new money to be able to stabilize money market
Besides professional economist do not approbate, the market changes new policy to Maduluo's simple and crude money same not show respect for.
At first, venezuela government expresses 3 to be able to go up from money " 0 " . But as on July 25, the price of made of baked clay Er of strong Bo benefit achieves add of the dollar on blackmarket to be compared 3.5 million, and Liwaer still is in strong Bo to devalue continuously, the government expresses meeting general again " 0 " reductive number increases 5.
But this did not alleviate of made of baked clay Er of strong Bo benefit drop situation. Current, of 1 dollar change the price to already was close to made of baked clay Er of benefit of 6 million strong Bo.
More let a person feel do not wear of brains, still have the system propping up of new money backside.
" new York Times " say, when get into trouble of some kind of money, exchange rate connects regular meeting to gain stability in the following circumstance -- namely governmental commitment this money can be changed the stronger currency such as such as dollar or euro. As contrary as this, maduluo expresses, made of baked clay Er of dominion Bo benefit will get " oil money " support. "Oil money " a kind of when the government that is him rolled out Feburary fictitious money. About " oil money " , he is mentioned, itself of this kind of money also got oil is laid in endorse.
Of misfortunes never come singly is, at the beginning of this month, maduluo just still experienced an assassinate disturbance.
On August 4, two unmanned aircraft explode on the military review that Maduluo attends. The government alleges this matter is assassinate abortive. After Maduluo wins presidential general election, what he faces is increasingly austere economy isolated condition. Maduluo's lieutenancy will last to 2025 all the time.
Although face dispute, maduluo before this to new money issue be full of expect, he thinks, reform of currency of this inferior goods will conduce to the money market of stable Venezuela and finance state.
