That is the short-term interest rate of Venezuela as of March 2021. During the pandemic most of the countries lowered their interest rates as much as possible to enable cash flows. For example, USA‘s is as low as near zero! But amid the hyperinflation in Venezuela, the rate has skyrocketed as high as 343% in 2020!
Shreesha is a Qualified Certified Management Accountant(CMA) and Certified in Strategy and Competitive Analysis(CSCA).