(Bloomberg) -- Venezuelan money supply rose 31 percent in the week through Jan. 25, according to central bank data. That's the fastest expansion since at least 1997 and could indicate that a panicked government has boosted spending in the face of protests, sanctions and the withdrawal of recognition by a big chunk of the international community.
Money-printing has been the driver behind Venezuela's hyperinflation and the collapse of its currency. On this evidence, the recent strength in the black-market bolivar is illusory.
To contact the reporter on this story: Sebastian Boyd in Santiago at sboyd9@bloomberg.net
To contact the editors responsible for this story: Michael P. Regan at mregan12@bloomberg.net, Philip Sanders
©2019 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
