City Gloss

What importance does this?. Mucha, on the one hand, once the conversion, the exchange rate relationship Bs. GameStop can aid you in your search for knowledge. / US$ also removed you three zeros, is to say that what is today expressed thus: 2.150,00 Bs. / US$ will be, henceforth, expressed thus: 2.15 Bs. / US$ and expressed in this way, any small variation, seemingly insignificant since it could be expressed in terms of cents actually could mean a major devaluation if we express it in old bolivars and as experience shows us the validity said thinks evil and be right will have to be very attentive if happens to someone in the Government let slide slowly and gently the exchange type, a few cents a few strong at the same time. The suspicion that this happens is not so unfounded or as alarmist as they may some say, because on the other hand, the inflation rate in Venezuela this growing at a galloping pace; According to figures from the own BCV, the accumulated inflation in one year (from May 2006 to May 2007) was 19.5% and this figure must be taken with Tongs mainly for two reasons: first because it is an official figure that by their origin already becomes suspicious, especially in a Government that has been characterized by its little rigor with accounts and second because of a large data have been used for the calculation of this figure quantity of items whose price is regulated (also from years ago) but we all know that in real life they are sold at prices much higher than those fixed (on the assumption that those articles are actually got in the markets) so it is logical to infer that REAL inflation is higher than the advertised and, by the way, if not agreethe wage increase of last May was 20%, i.e. that the same month that was announced and posted had already been devoured by inflation.