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https://tradingeconomics.com/venezuela/stock-market

Was looking at the graph above for the Venezuela Stock Market and the Caracas Stock Exchange Stock Market Index crashed 99.90% over the weekend of March 15th, 2021. It dropped from 2,700,000 to 2,700.

What happened and why did the stocks crash? I can't find anything about it in the news.

Flux
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Wandering Fool
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1 Answers1

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Not a crash, an adjustment. Because of the insane inflation, they have adjusted it periodically by dividing by 1000. Last one was March 2021.

https://en.wikipedia.org/wiki/%C3%8Dndice_Burs%C3%A1til_de_Capitalizaci%C3%B3n

Mattman944
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