Venezuela's Financial Situation is very Bad

Venezuela's Financial Situation is very Bad

If you go to have a cup of coffee, it will cost 15 lakh rupees. The rice of coffee will go up to Rs 30 lakh next week. If you want to bring vegetables from the market, you have to take a bag full of money. You are going to fetch medicine when you are sick but you have to take the money by truck. Even then, the chances of a drug fair are very low.

The country has reached a stage where it has to sell gold and buy essentials. The price increase has gone from 10 to 20 lakh in 10 to 20 lakh installments. One lakh notes are coming in the country to mark this day.

Venezuela died as a large country financially but its condition is currently very bad. Currency rates there are currently in a very bad state. The Venezuelan government is going to bring big notes to face this problem.

Due to lack of cash, the government is bringing checklist papers from abroad. Venezuela has bought 71 tons of security paper from an Italian company, and Venezuela's central bank is now set to bring in Rs 100,000 notes.

This will probably be the first and largest note in the world. Although the value of 1 lakh polybar notes will be 0.23.

So only two kg of potatoes can be bought with it. Earlier, the Venezuelan government had printed 50,000 Polibar notes.

And this time he is trying to bring even bigger notes. Venezuela's financial situation has been very bad for seven years. 

The situation in Venezuela is currently very bad. The people of Venezuela are moving from there to other countries only for their own benefit.


Mukesh Ambani is now raising funds for his company

Reliance Jio Retailers : After making his mark on the Jio Platform, Mukesh Ambani is now raising funds for his company.

After the arrival of Mukesh Ambani's company the condition of many big companies has deteriorated. Singapore based fund GIC and Global Investment Fund PPG announced an investment of about 11 billion or Rs 7,350 crore in Capital Reliance.


Mukesh Ambani is now raising funds for his company

GIC invested ₹ 55121.5 Crore in Reliance Retail. As a result you will get 1.22% share. And TPG will invest ₹ 1838.7 Crore, which will give TPG 0.41% share.

Reliance Retail's Pre Money, ₹ 4,285 Crore has arrived. This is TPG's number two investment having previously announced an investment of ₹ 4,5468.8 Crore on the TPG Jio Platform.

The idea of ​​investing in retail at Reliance started on 9 September. After that, Ambani received more than Rs 10,157.50 crore from foreign investors.

Earlier, KKR, John Atlantis, Silver Lake announced the investment in Partner's. As a result, 7.28% of the company is known.

Reliance Retail Limited has 12,000 stores in the country, with a total of 64 crore active customers. It is the most sold business in India.

Reliance Retail has one of the most lucrative businesses in the world, while Reliance Retail is currently selling its products online with Jio Mart.

Jio Mart E Commerce Company which supplies Grocery. With the investment of Jio Company, Mukesh Ambani has repaid all his loans.

The way Retail is expanding in Reliance will cost money there in the coming days, as well as the acquisition of shares of many more new companies, and if the retail service continues like this, Mukesh Ambani will be able to compete with Amazon's Jeff Bezos in the world's retail limited business.