×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Sunday
27
Sep 2026
weather symbol
Athens 20°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> World

Venezuela’s currency so worthless that locals weave goods out of it!

Hyperinflation led to the money being useless

Newsroom February 12 08:16

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

Street vendors in Venezuela are weaving baskets from banknotes after 13,000 per cent inflation rendered them practically worthless.
Inflation in the oil-rich Latin American nation has seen the economy spiral out of control, with its currency the Bolivar losing 87 per cent of its value against the euro.
Cash is worth so little there bank notes are often seen littered on the streets.
But street seller Wilmer Rojas has found a use for them.

The 25-year-old is selling origami-style handbags, purses, hats and baskets – all made out of money.

Closeup of a purse made by Venezuelan Wilmer Rojas, out of Bolivar banknotes in Caracas on January 30, 2018. A young Venezuelan tries to make a living out of devalued Bolivar banknotes by making crafts with them.  / AFP PHOTO / FEDERICO PARRA / TO GO WITH AFP STORY by Margioni BERMUDEZ

>Related articles

The two vessels paving the way for the ExxonMobil–Energean drilling operation in the Ionian Sea in 2027

Mitsotakis meets JPMorgan CEO Jamie Dimon in New York

Stournaras: If the quality of institutions improves, Greece can achieve an A rating within three years

Mr Rojas, a father-of-three, said: ‘People throw them away because they are no good to buy anything.
‘No one even accepts them anymore.
‘You can use magazine paper or newspaper pulp, but currency notes are better because they are not worth anything, they are all the same size and you don’t have to waste time cutting them.

View of devalued Bolivar bills painted by Venezuelan illustrator Jose Leon at his workshop in San Cristobal, Venezuela on February 2, 2018. Using devalued Bolivar bills as raw material, this Venezuelan young artist found the way to make a living, increasing the value of the currency up to 5000%, by selling his artworks to foreign customers. / AFP PHOTO / GEORGE CASTELLANOS / TO GO WITH AFP STORY by Margioni BERMUDEZ
‘These things are no good for buying anything. At least I am putting them to good use rather than throwing them away.’
With two, five and 10 bolivar notes ‘you can’t even buy a piece of candy’, he added.

more at dailymail.co.uk

Ask me anything

Explore related questions

#Annual inflation#currency#economy#money#venezuela
> More World

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

The two vessels paving the way for the ExxonMobil–Energean drilling operation in the Ionian Sea in 2027

September 27, 2026

September 27: The assassination of Greece’s first Governor Ioannis Kapodistrias

September 27, 2026

UK Counter-Terrorism Police take over investigation after security alert at RAF Base used by US Forces, arrests over explosives

September 27, 2026

Netanyahu denies report of Egyptian warning before Hamas attack

September 27, 2026

Mitsotakis: Our priority is the cost of living amid a period of international uncertainty

September 27, 2026

Ten years since the failed coup attempt in Turkey: The unknown story of the eight Turkish officers who arrived in Greece

September 27, 2026

Artificial Intelligence: The real scenario for the end of Humanity

September 27, 2026

Plaka Explosion: What authorities are examining about the gas leak – Second-floor apartment under the microscope

September 27, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα