VOICED : Barrio venezolano crea su propia moneda para enfrentar la crisis

VOICED : Barrio venezolano crea su propia moneda para enfrentar la crisis

Assessment

Interactive Video

Social Studies, Business

9th - 12th Grade

Hard

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In a Venezuelan neighborhood, the community created the PANAL currency to tackle cash shortages and hyperinflation. The currency, featuring Chávez's image, aims to protect and grow the local economy by preventing resource outflow. Economists attribute cash scarcity to delayed currency printing and inflation. The bolívar's devaluation against the black market dollar affects private imports. Media portray PANAL as a parallel currency, but the real issue is the parallel dollar. To curb resale, families have limited product purchases. Analysts predict hyperinflation will exceed 2,000% in 2017.

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3 mins • 1 pt

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