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Fortune
Fortune
Steve H. Hanke, Emilio Ocampo

Peru’s monetary system would not work in Venezuela

vene (Credit: Jesus Vargas/Getty Images)

Peru’s Monetary System Would Not Work in Venezuela

Venezuela’s National Assembly is actively debating how to end the world’s highest inflation rate and retire the bolivar, the world’s worst-performing currency. One of us is advising that debate directly. Naturally, during the past few weeks, the discussion about how to kill Venezuela’s inflation, the world’s highest, and what to do with the bolivar, the world’s worst-performing currency, has heated up.

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