What is inflation and what does it mean when people say the currency in Venezuela is worthless? 621 viewsJanuary 3, 2024 Question90.96K February 12, 2021 0 Comments What is inflation and what does it mean when people say the currency in Venezuela is worthless? In: Economics 7 Answers ActiveNewestOldest Anonymous Posted February 13, 2021 0 Comments As the currency loses value, savings in that currency also lose value. Hard assets retain their value better. Gold is the main standard. Inflation is a hidden tax on savings. It hurts people. You are viewing 1 out of 7 answers, click here to view all answers. Register or Login
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