Image: Venezuela inflation on the black market (DolarToday) on a logarithmic scale

Description: The value of one US dollar in Venezuelan bolívares (VEF/VES) on the black market through time, according to DolarToday.com. Blue vertical lines represent every time the currency has lost 90% of its value relative to the US dollar since the last one. This has happened four times since 2012, meaning that the currency is worth, as of December 2017, less than one ten-thousandth of what it was worth five years ago, since it has lost 99.99% of its value. The rate at which the value is lost (inflation) is rapidly accelerating. The first time the money took 2 years and 2 months (an implied monthly inflation rate of 9.3%) to lose 90% of its value, the second time 1 year and 10 months (implied rate 11% m/m), the third time only 10 months (implied rate 26% m/m), and the fourth time a mere four months (implied rate 77% m/m).
Title: Venezuela inflation on the black market (DolarToday) on a logarithmic scale
Credit: Own work. Black market exchange rates from https://dolartoday.com/indicadores/ (click on their graph to download the data). Official government-approved exchange rates (in black on the graph) are from http://www.bcv.org.ve/estadisticas/tipo-de-cambio
Author: Nicolas Perrault III
Usage Terms: Creative Commons Zero, Public Domain Dedication
License: CC0
License Link: http://creativecommons.org/publicdomain/zero/1.0/deed.en
Attribution Required?: No