Economy, asked by vishnuvardhan7550, 1 year ago

Country devalued its currency by 95% and raised minimum wage

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Answered by Anshults
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Venezuela is the country which recently in August 2018 devalued its currency by 95% and raised minimum wages by 3,000%.

Owning to the chronic shortage of foods and medicine, crimes, political rivalry and warnings of uncontrolled hyperinflation thousands of people of Venezuelan fled the country. So the government devalued its currency by 95% and raised minimum wages by 3,000%.

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