{"id":65357,"date":"2018-08-22T00:08:29","date_gmt":"2018-08-22T04:08:29","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=65357"},"modified":"2018-08-21T22:45:21","modified_gmt":"2018-08-22T02:45:21","slug":"venezuela-adds-to-chaos-with-one-of-biggest-currency-devaluations-ever","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2018\/venezuela-adds-to-chaos-with-one-of-biggest-currency-devaluations-ever.html","title":{"rendered":"Venezuela Adds to Chaos With One of Biggest Currency Devaluations Ever"},"content":{"rendered":"<p>\n(Bloomberg) Venezuelan President Nicolas Maduro carried out one of the greatest currency devaluations in history over the weekend &#8212; a 95 percent plunge that will test the capacity of an already beleaguered population to stomach even more pain. One likely outcome is that inflation, which already was forecast to reach 1 million percent this year, will get fresh fuel from the measures. Prices are currently rising at an annualized rate of 108,000 percent, according to Bloomberg\u2019s Caf\u00e9 con Leche index. A massive exodus of Venezuelans fleeing the crisis to neighboring countries will likely increase and with it, tensions and restrictions like the ones seen over the past few days.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2018-08-18\/china-s-belt-and-road-has-that-soviet-feeling\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) Venezuelan President Nicolas Maduro carried out one of the greatest currency devaluations in history over the weekend &#8212; a 95 percent plunge that will test the capacity of an already beleaguered population to stomach even more pain. One likely [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65357","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=65357"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65357\/revisions"}],"predecessor-version":[{"id":65358,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65357\/revisions\/65358"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=65357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=65357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=65357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}