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According to a statement from the country’s central bank, Venezuela will also be printing 200,000 and 500,000 bills along with the 1,000,000 bills.The move comes as hyperinflation has made smaller bills superfluous and worthless – and most citizens are “turning to the U.S. dollar for everyday transactions,” Bloomberg notes, adding “About 66 percent of transactions across the country are (now) estimated to be made in foreign currency.” By Paula Froelich. Full Text -> NewYorkPost
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