Venezuela lops five zeros off its currency in bid to tackle hyperinflation
bolivar bill during a protest in El Pinal, in the northwest of Venezuela: Reuters/ is launching a new currency that slashes five zeros off the country’s fast-depreciating bills, in a bid to tackle the country’s has also announced a 3,000 per cent hike in the minimum wage and a rise in the price of fuel to international levels, in changes that will be implemented from Monday. But critics say the measures will only make conditions worse in Venezuela, which has already seen hyperinflation at more than 40,000 per cent and a rapidly contracting ...
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