SHAPIRO: To explain how Venezuela's currency became so worthless, I called up Daniel Lansberg-Rodriguez at Northwestern University. He studies the economies of Latin America.

Venezuela's currency, the bolivar, ... "It's absolutely a worthless currency," says Siobhan Morden, head of Latin America fixed income strategy at Nomura Holdings. "1,000 to 2,000 to 3,000 ...

In late March 2019, a photograph supposedly showing piles of "worthless" currency thrown into gutters in Venezuela circulated on social media, attached to comments blaming socialism for the ...

VENEZUELAN hawkers on the border with Colombia call it “money art”. The handbags, purses and hats they sell are made from nearly new Venezuelan banknotes and sold as mementos. Payment is in ...

The long-running dinar scam began shortly after the 2003 U.S. invasion of Iraq, when the country’s currency, already having lost most of its value due to sanctions, dropped to the point where ...

The currency’s value becomes less and less, and this can create a spiral that ends up in it becoming practically worthless. We’ve seen an example of this in Zimbabwe in the early 2000’s ...