Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI: Hyperinflation in Venezuela with the parallel rate on the internet

Sunday, 10 January 2010

Hyperinflation in Venezuela with the parallel rate on the internet

Hi,

Buy the ebook for $2.99 or £1.53 or €2.68

Venezuela is currently in hyperinflation (scooped on this blog - see two posts back) with cumulative inflation over three years of 105.0% as at Dec 2009.

Their parallel rate is freely available on the internet which could make implementing IAS 29 at the daily parallel rate very possible in that country for whoever wishes to save the real values of their company´s non-monetary items from being unknowingly destroyed by their accountants with Historical Cost Accounting during hyperinflation.

Jan 8 parallel rate 6.25 compared to newly announced official pegs: "Oil Dollar" 4.30 and subsidized peg 2.60.

Buy the ebook for $2.99 or £1.53 or €2.68

Kindest regards,

Nicolaas Smith

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Daily CPI

1. Argentina Daily CPI - CER (Coeficiente de Estabilización de Referencia)

Click in sequence: "Estadísticas e Indicadores"

"Monetarias y Financieras"
"Descarga de paquetes estandarizados de series estadísticas":

At the bottom of the page you will see: "Coeficiente de estabilización de referencia (CER), serie diaria", then choose a year and open the excel file.

2. Chile - UF: Daily Unidad de Fomento Index. Not a Daily CPI, but a monetized daily indexed unit of account.

3. Colombia - Real Value Unit A Monetized Daily Indexed Unit of Account

4. Denmark Inflation-Linked Bonds

5. Eurozone Daily CPI Click on "Download historical data"

6. France Daily CPI Click on "Download historical data"

7. Germany Daily Reference Index

8. Iceland - Daily CPI

8. Iceland- CPIs - including Daily CPI

9. Ireland Inflation-Linked Bonds

10. Italy Inflation-Linked Bonds

11. Japan - Daily CPI

12. Mexico - Unidad de Inversion Click on UDI and then select Export to HTML