Levels of state financial risk and business success in times of hyperinflation
On a global level, in organizations and in all businesses and investments there have always been levels of risk that must be analyzed in order to guarantee the operation and success of the business.
Concern for financial risks has always existed, but has become increasingly important in recent years worldwide, as a result of the significant changes that have taken place in companies.
In other words, financial risks are always present in the business world, and it is essential to analyze them in order to create alternatives to control them and reduce them to a minimum.
In the same way, financial risks tend to increase according to the type of business, the company's management, the economy in each country and the quality of the financial information.
In the specific case of Venezuela, hyperinflation has been a unique and inexplicable scourge due to its instability, generating infinite negative consequences in Venezuelan companies and despite the fact that in the year 2022 inflation is decreasing, the prices of products and supplies continue to rise in relation to the dollar, leading to the perpetuation of the vicious circle of poverty, inflation and the excessive increase of risks resulting from the emergence of the pandemic.
Greetings @alaiza, in a way, some economic measures taken by the government managed to partially stop inflation for a short period of time, although the devaluation of our currency is beginning to be noticed again.
Cheers
The current devaluation is not specific to the Bolivar, it is a global issue most currencies in the world are losing ground financially all driven by sanctions in the midst of war and the chaos of the dollar. Thank you @madridbg for commenting.
Hello @alaiza
This financial risk and hyperinflation sounds like a time bomb that can explode at any moment and damage the whole traditional economic and financial system and even affect the cryptocurrency market. What you mention about Venezuela I think the situation is showing signs of change.
Best regards, be well.
The data of the first months of the year 2022 shows that inflation has decreased, but there is still a need to establish strategies that aim to bring the Venezuelan economy to a more balanced port. Thanks for your comment @lupafilotaxia
UHIVE Metaverse Adoption Airdrop is Live
Yesterday we announced our partnership airdrop for steemit & hive users
All the users are eligible for whitelist.
Every user who get whitelist will get 30000 HVE2 Tokens (Value at last $40)
CLICK HERE TO WHITELIST YOUR PLACE NOW
Hello friend, certainly inflation continues to hit the pockets of Venezuelans, let's hope that there are adjusted economic policies to solve this problem.
Greetings and thanks for your contribution.
The policies so far developed are on the right track, or at least that's what the figures say, there is still a lot of adjustments to be made, but I believe that the situation has already taken a different course in favor of the Venezuelan economy. Thanks for your comment @carlos84
@tipu curate
Upvoted 👌 (Mana: 2/6) Get profit votes with @tipU :)
Financial risk are almost unavoidable, it could either be as a result of economic situation such as the case of hyper inflation or some personal mismanagement in business expenses.
In the case of Venezuela hyperinflation was induced, i.e. it does not respond to internal actions of the country, but has actions that executed the countries that economically blockaded the country. Thanks for your comment @bimbo45