Alejandro Werner, director of the International Monetary Fund (IMF) Western Hemisphere department, wrote in a post on the agency’s blog that Venezuela’s inflation rate is likely to hit 1,000,000 percent in 2018, as cited by Reuters. The South American economy will be on track to become one of the worst hyperinflationary crises in modern history. Werner noted: “We are projecting a surge in inflation to 1,000,000 percent by end-2018 to signal that the situation in Venezuela is similar to that in Germany in 1923 or Zimbabwe in the late 2000’s”. Consumer prices have risen 46,305 percent this year, according to the opposition-run legislature. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Trump and Mexico both expect NAFTA progress – Reuters FX Street 5 years Alejandro Werner, director of the International Monetary Fund (IMF) Western Hemisphere department, wrote in a post on the agency's blog that Venezuela's inflation rate is likely to hit 1,000,000 percent in 2018, as cited by Reuters. The South American economy will be on track to become one of the worst hyperinflationary crises in modern history. Werner noted: "We are projecting a surge in inflation to 1,000,000 percent by end-2018 to signal that the situation in Venezuela is similar to that in Germany in 1923 or Zimbabwe in the late 2000's". Consumer prices have risen 46,305 percent this year, according… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
