2017-2018 Venezuela Hyper Inflation 21-pc Currency Set CU

Paper Currency From a Failed Economy

In the late ’90s and early 2000s, things were good for Venezuela. The nation had a stable currency and a promising future. Unfortunately, due to the Socialist government, that future was tied to oil revenues, and when the price of oil went down, the nation ran out of cash reserves, and inflation went wild. In 2016, inflation was 800%. In 2017, it was 4,000% and in 2018 it reached 1,700,00%! Imagine a cup of coffee in January of 2018 costing you $1, and by the end of the year that same cup of coffee costing $1,700,000!

Colorful Crisp Uncirculated Condition

The nation’s economic collapse has served as an important lesson for the rest of the world’s economies — and you can carry some of that lesson in the form of this 21-piece currency set, bringing together colorful, Crisp Uncirculated (CU) notes ranging from 2 to 100,000 Bolivares and from 2 to 500 Soberanos. Each note features different portraits and indigenous Venezuelan animals.

Since the collapse of the Venezuela’s government, 10% of the country’s citizens have fled the country in hopes of finding a better life elsewhere. It’s greatest exodus of a country’s population in the history of South America! Let some of that tragic nation’s currency settle in your collection where you can provide a real-life example of what happens inflation runs wild!