Sunday, August 19, 2018

#VENEZUELA: Economic Reforms Include Plan To Knock Five Zeros From Currency

[world politics news]


The beleaguered regime of Nicolas Maduro is launching a "new" currency Monday, in a desperate attempt to stem inflation and tackle its economic crisis. The new 'sovereign bolivar' will enter circulation on Monday, which has been declared a national holiday so that the population can get used to the new banknotes. Inflation in Venezuela is forecast by to hit a million per cent this year, with a cup of coffee now costing around two million bolivars.

[FULL STORY HERE]

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