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Venezuela unveils 100,000 bolivar note, worth a few US Dollars
 [DAWN] Venezuelans living with hyper-inflation and a scarcity of cash for buying daily goods will soon have the country's largest paper bill circulating in recent history.The country's president announced on Wednesday that the new 100,000-bolivar note will hit the streets this week. It will be worth less than $2.50 in US currency in black market dealings. In a nationally broadcast appearance, President Nicolas Maduro held up the new paper bill, while also unveiling a 30 per cent boost to the minimum wage. The new denomination is stop-gap measure in an economic plan by Maduro's government aimed at doing away with the need for paper money. "The use of the physical currency is being replaced," the socialist leader said. Posted by: Fred 2017-11-03 |
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