Question

, the currency of Venezuela.

The president of Venezuela announced that the country would be devaluating the bolivar for the fifth time in nine years. The official rate is falling from 4.3 bolivars to the dollar, to 6.3, a 32% devaluation. By increasing the bolivar value of exports of oil to the US and other nations, the government hopes to alleviate a budget crisis caused by its increasing reliance on borrowing to meet spending obligations.

In response to the announcement, the people of Venezuela lined up today to buy televisions, electronics, and airline tickets in order to protect themselves from projected price increases.

Venezuelans started buying items immediately because of their fear of

Answer 1

1. you would actually need to simplify that answer and add to subtract it get your answer.... these eqautions are hard to do....

the answer is
Because they fear of " protecting themselves and from, prices that go up"

Answer 2

In Venezuela, the Bolivar has already been devalued too much.

In the last 10 years it has gone from a difference of up to 99.99% to the past from 2.15 to 6.000 billion bolivars per dollar.

Generating hyperinflation and impoverishment within the country.

The Venezuelans started buying products because they knew that their local currency is going to devalue to the point that everything will be more expensive up to 99% than before.

I hope it help you