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.

  • 45
    The fact that the "crash" was the elimination of exactly three zeros should inform you that it's something artificial, not an actual crash.
    – RonJohn
    May 25, 2021 at 14:01
  • @RonJohn Three zeros went away; nothing was lost, three times over.
    – Yakk
    May 25, 2021 at 14:03
  • 5
    A picture is worth a thousand words.... moreso when it is built out of numbers.
    – J...
    May 25, 2021 at 14:55
  • @Yakk your comment puzzles me, because it seems to imply that I think something was lost, when I said no such thing.
    – RonJohn
    May 25, 2021 at 22:22
  • 2
    @ronjohn An @ does not mean "you are wrong". The things that were lost were each nothing; and three of them where lost.
    – Yakk
    May 26, 2021 at 1:41

1 Answer 1


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


  • 20
    So it's the market-level equivalent of a stock split -- the numbers change, but the values don't.
    – Barmar
    May 25, 2021 at 15:26
  • 5
    @Mattman944: "Didn't want to bother" is most likely (by Occam's razor): "the tool makers didn't foresee this happening, and so did not add code to address this".
    – sharur
    May 25, 2021 at 16:26
  • 16
    @Kevin I'm less cynical, but then I am a software developer. So from my "in the trenches" point of view, its more of a "handling this wasn't in our requirements" thing than a "we did the cost benefit analysis and decided against it" thing.
    – sharur
    May 25, 2021 at 18:43
  • 2
    @sharur: For the programmers in the trenches, yes, it’s “it wasn’t in the requirements”. But those requirements come from somewhere, and the people setting them probably either did a cost-benefit analysis and decided against it, or else it was never big enough on their radar to merit a cost-benefit analysis at all. May 25, 2021 at 22:23
  • 2
    I wonder how many automated software trade bots either bought or sold after that change. It possibly wasn't in their requirements either. May 26, 2021 at 11:15

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.