Venezuela introduces new currency, drops six zeros
Al Jazeera
Venezuela has for years seen some of the world’s worst inflation, complicating cash transactions amid economic crisis.
Venezuela is set to debut a new currency that will feature six fewer zeros, a response to years of some world’s worst inflation.
The highest denomination of the Venezuelan bolivar had previously been a one-million bolivar note, currently worth a little less than $0.25. That will now become a one bolivar note.
Introduced on Friday, the highest denomination for the new currency will be 100 bolivar, worth a little less than $25.
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