Talk:Washington Consensus

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devalue the bolívar by 100%

Latest comment: 7 months ago1 comment1 person in discussion

Cited article uses misleading terminology. Devaluing something by 100% means it lost all of its value. Even if exchange rate (amount of bolivars to buy 1 US dollar) did double it means the bolivar lost half (50%) of its value, or "devalued by 50%". However according to https://bfi.uchicago.edu/wp-content/uploads/The-Case-of-Venezuela_2.pdf "the goverment ... devalued the exchange rate to 7.5 bolivares per US dollar". And https://www.nytimes.com/1983/03/01/business/venezuela-curbs-prices-and-exchange-rates.html says "Exchange houses in Caracas were offering dollars for 8.10 bolivars". And finally https://acn.com.ve/40-anos-viernes-negro-primera-gran-devaluacion shows the change from 4.3 to 7.5 rate is a devaluation of "-42,66%". --Shrddr (talk) 09:10, 8 December 2025 (UTC)Reply

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Latest comment: 7 months ago1 comment1 person in discussion

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Participate in the deletion discussion at the nomination page. —Community Tech bot (talk) 02:52, 31 December 2025 (UTC)Reply

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Talk:Washington Consensus

devalue the bolívar by 100%

A Commons file used on this page or its Wikidata item has been nominated for deletion

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