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Venezuela: hyperinflation leads to new banknotes for second time in a year
[THEGUARDIAN] Venezuela is releasing new banknotes for the second time in less than a year, the central bank said on Wednesday, after hyperinflation eroded the effects of an August 2018 monetary overhaul meant to improve availability of cash.Venezuela’s president, Nicolas Maduro  ...Commie el presidente para la vida of Venezuela, successor to Hugo Chavez. Nick is his country's attempt at producing a Muammar Qadaffy, except that even though his country's sitting on an enormous puddle of oil, he can't manage to get it out of the ground..., last year cut five zeroes off the currency and prices. The move was supposed to ease shortages of cash that pushed most of the economy toward debit and credit card operations and put heavy strain on digital commerce platforms. Posted by: Fred 2019-06-13 |
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