Venezula Currency news and trends

Venezuelan Bolívar Loses Five Zeros

July 27, 2018
Venezuela
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Venezuelan Bolívar Loses Five Zeros

July 27, 2018
The Venezuelan government said it will knock five zeros off its currency — the bolívar — instead of the three it had planned. According to Financial Times, the decision is a move to keep up with hyperinflation, which the International Monetary Fund (IMF) predicts will hit 1,000,000 percent this year. In a televised address, President […]