By Admin 
Venezuelan Currency: The news of America’s military action on Venezuela is making headlines in newspapers. America, in a very secretive manner, carried out military action on Venezuela and arrested President Nicolas Maduro and his wife Celia Flores.
After which there is an atmosphere of uncertainty in the country. Venezuela has the world’s largest oil reserves. Despite this, the country is struggling with problems like inflation, unemployment, hunger and migration. Venezuela’s currency Bolivar is also very weak. Let us know about the currency of Venezuela…
Economy deteriorated due to printing of currency notes
The decision of the Venezuelan government to print notes on a large scale to meet its expenses proved costly for the country’s economy. This had a direct impact on the country’s currency Bolivar. Its price kept falling continuously. People continued to receive salaries in bolivar, but the prices of most things in the market started being fixed in dollars. Due to which the purchasing power of common people became increasingly weak.
The situation worsened so much that in 2018 the inflation rate reached almost 10,00,000 percent. People had to carry bags full of notes, yet the essentials were not complete. The savings of years went waste and the monthly salary was exhausted within a few hours. According to the United Nations, at one time more than 75 percent of the population faced problems in getting food. Due to which more than 70 lakh people fled the country.
Indian rupee value in Venezuela
Talking about the Indian rupee, the rupee appears stronger against the Venezuelan currency Bolivar. According to the data of 2025, 1 Indian Rupee is equal to approximately 3.22 Venezuelan Bolivar.
According to this, if you exchange 10,000 Indian Rupees there, you can get around 32,000 to 32,500 bolivars. This amount appears huge in figures, but due to high inflation in Venezuela, not much can be purchased with these rupees.
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