Originally posted by the Voice of America. Voice of America content is produced by the Voice of America, a United States federal government-sponsored entity, and is in the public domain. Inflation in Venezuela Skyrockets Cost of Everyday Goods by Reuters A severe economic crisis in Venezuela has left its currency, the bolivar, nearly worthless. Hyperinflation since the beginning of 2018 has devalued the currency to the point where stacks of money are needed to buy simple necessities.