HYPERINFLATION IN VENEZUELA

HYPERINFLATION IN VENEZUELA. A'eesya Humaira binti Rumawi (2020873834) Nur Effa Fazila binti Jemat (2020881884) Dayang Alifah Ilyana binti Abg Maludin (2020852296).

A'eesya Humaira binti Rumawi (2020873834).

Nur Effa Fazila binti Jemat (2020881884).

Dayang Alifah Ilyana binti Abg Maludin (2020852296).

Introduction. Venezuela’s Background. At northern South America Urbanised Latin America country Population: 29,266,991 Rich with resources.

Inflation measures how much more expensive a set of goods and services has become over a certain period Inflation is the decrease in purchasing power of a given currency over time.

Inflation is caused by the increase of money supply and credit which creates an excess of demand for goods and services in an economy that does not have the production capacity to satisfy those demands.

Inflation is caused by prices being pushed up as a consequence of production costs escalating higher.

HYPERINFLATION. a situation in which prices rise very fast, causing damage to a country’s economy inflation is rapidly rising at a rate of more than 50% per month once a country hits the rate of hyperinflation, their economy can easily spiral out of control and worsen over time.

HYPERINFLATION IN VENEZUELA. In 2018, inflation rate reached 130,060%, 65,030 times more than the optimal rate, 2%.

Oil export. Oil priced declined in 2014 Main export and biggest contributor to government revenue Export income funds Venezuelans social welfare.

President Maduro. His idea of the solution to this problem was to print more money to assist in settling many of their unpaid foreign debts.

Currency exchange. Venezuelans wish to maintain financial stability by exchanging their devalued bolivar to more secure currencies.

Hyperinflation In Venezuela. Venezuela. Excessive money printing and currency exchange.

Suffer from hunger. IMPACT OF HYPERINFLATION IN VENEZUELA ON SOCIETY.

Poor health due to lack of medicine and health system care collapse.

Increase in illegal activities. IMPACT OF HYPERINFLATION IN VENEZUELA ON SOCIETY.

People migrate to other countries for their stability in life.

SOLUTION PLANS TO STABILIZE HYPERINFLATION IN VENEZUELA.

SOLUTION PLANS TO STABILIZE HYPERINFLATION IN VENEZUELA.

SOLUTION PLANS TO STABILIZE HYPERINFLATION IN VENEZUELA.

SOLUTION PLANS TO STABILIZE HYPERINFLATION IN VENEZUELA.

Conclusions. Inflation levels in Venezuela can be explained by the combination of external bottlenecks and distributive conflicts, which are usually sparked by currency devaluations.