The Story about the interest in the events in Vene

The Story about the interest in the events in Venezuela in the morning on May 4, 2019




1. Money and history.





THE POLITICAL CRISIS IN VENEZUELA MAY 3, 14:16
Media: Brazil ceased to print the Venezuelan currency

The agreement, under which the bolivars printed on Brazilian machines, expired in March, and a new one was never concluded

RIO DE JANEIRO, may 3. /TASS./ Mint Brazil ceased to print the Venezuelan Bolivar.

As specified, the agreement with an international company, under which the Venezuelan currency was printed on Brazilian machines, which was in force until recently, expired in March, and a new agreement was never concluded.

According to specialists of the industry, desire of mint of Brazil to increase number of foreign customers in this case will probably not be realized in view of personal hostility the far right president of Brazil Jair Bolsonaro to the Venezuelan colleague Nicol;s Maduro."




“https://www.kommersant.ru/doc/3051117

"Kommersant" from 02.08.2016, 12:09

(...) Deterioration of the situation under Nicolas Maduro

During 2015, Venezuela saw a sharp rise in prices, in particular for food. (...) The number of Bolivar banknotes in circulation for the year increased by 1.5 times.” [https://www.kommersant.ru/doc/3051117]





President Maduro needs to leave immediately – FT

(...) Venezuela was once the richest Latin American state … (…)

03 may 2019 12:16 am

Author: Elena Tarakanova”


The comment.


1. Reichsmark was introduced on August 30, 1924. It replaced the paper mark (Papiermark), which was devalued during the hyperinflation of 1914-1923. The exchange rate is 1 000 000 000 000 : 1 (one trillion a Papiermarks to one Reichsmark). The REICHSMARK was based on the gold standard with a rate of 4.2 Reichsmark per dollar; and after the devaluation of the dollar in 1934 — 2.5 Reichsmark per dollar. (Wikipedia. Article "Reichsmark" [rus]).


"Due to the high inflation rate of local currency units in Kosovo and Montenegro, the German mark became the official currency for some time. In Kosovo, the mark was declared legal tender in September 1999. In Montenegro, the mark was in circulation in parallel with the Dinar on 2 November 1999 and became the only legal tender since November 2000. In many Eastern European countries, the Deutsche mark was considered an unofficial national currency due to high demand. Some currencies, such as the convertible mark in Bosnia and the Bulgarian Lev, were "tied" to the mark at the rate of 1:1.» (Wikipedia. Article "German mark"  [rus]).


2. "(...) Prior to independence in 1980, Zimbabwe was one of the most economically developed countries on the African continent. Zimbabwe is now one of the poorest countries in the world. (…)

As of September 2010, the country has the circulation of us dollars, a change coins are the rends of South Africa. The national currency is out of circulation, banknotes of 100 trillion dollars (the maximum denomination issued in the country) are actively sold on the black market to tourists and collectors. (…)» (Wikipedia. "Zimbabwe" [rus])»


3. “Countries using the US dollar exclusively

British Virgin Islands
Caribbean Netherlands (from 1 January 2011)
East Timor (uses its own coins)
Ecuador (uses its own coins in addition to U.S. coins; Ecuador adopted the US dollar as its legal tender in 2000.)
El Salvador
Marshall Islands
Federated States of Micronesia (Micronesia used the United States dollar since 1944)
Palau (Palau adopted the US dollar since 1944)
Panama (uses its own coins in addition to U.S. coins. This country has adopted the United States dollar as legal tender since 1904.)
Turks and Caicos Islands” (Wikipedia. “Currency substitution”).


4. "(…) In the Russian Federation the decision on the termination of the address in the territory of the state of monetary tickets of the State Bank of the USSR and the Bank of Russia of sample 1961 — 1992 and on the usage in the country since September 26, 1993 only of banknotes of a sample of 1993 was made. (…)

During reform of 1993 24 billion banknotes were withdrawn. (…)" (Wikipedia. Article "Monetary Reform in Russia of 1993").


"(…) Besides the Russian Federation the Russian ruble is in use in a number of unrecognized and partially recognized states: South Ossetia and Abkhazia. … it can be also used for payments in the Donetsk and Luhansk regions of Ukraine (in the territory of the self-proclaimed Luhansk and Donetsk people's republics) (…)". (Wikipedia. Article "Ruble"rus]).




May 4, 2019 05:49




Translation from Russian into English: May 4, 2019 06:30.
Владимир Владимирович Залесский “Рассказ об интересе к событиям в Венесуэле утром 4 мая 2019 года”.