July 29, 2024

Venezuela to Cut Six Zeroes Off Bolivar to Simplify Transactions

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The central bank is planning to slash six zeroes from the bolivar as early as August after previous attempts to issue larger-denomination bills failed to resolve problems created by endemic inflation, according to three people with direct knowledge of the matter who aren’t authorized to speak publicly about the plans. By Patricia Laya and Alex Vasquez. Full Text -> Bloomberg

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