Venezuela’s Bolivar Surges Past 2,000,000 VEF/USD - http://www.whatreallyhappened.com/ru...#axzz5Hxbty7Mg
'In the past week, Venezuela’s economic death spiral has picked up speed. When, Venezuela’s hyperinflationary episode began in November 2016 the bolivar was valued on the black-market (read: free-market) at roughly 1,500 VEF/USD. Today, 6/8/18, a greenback will fetch a stunning 2.3 million bolivars. Less than a month ago, that same greenback would have fetched “only” 800,000 bolivars. With the collapse of the bolivar, inflation has soared to a record high of 37,076%.'
In the past fortnight or so the value of Argentina and Brazil's currencies have bombed and so has Turkey's. They've been able to limit the damage as they've used foreign reserves and hiked interest rates to prop them up.