Welcome to Venezuela, the South American land of the poor millionaires

The constant devaluation of the Venezuelan bolivar, which has devoured the purchasing power of Venezuelans as it grew with inflation, shows its hardest face with the short life it has given to a banknote born with more value for collectors than for citizens.

RIO DE JANEIRO, BRAZIL - It was born in March, with little vigor, when it was exchanged for 52 cents of the U.S. dollar, but Venezuela's one million bolivar bill spent weeks without being seen in Venezuela, present in thoughts but invisible like a ghost. Now that it is in wide circulation, the relentless devaluation has led it to be exchanged for less than 25 cents, so it is doomed to disappear.

"Look at nothing, not . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?