Venezuela prints 20.000 Bolivars bills to match hyperinflation

Sunday, December 11th 2016 - 21:09 UTC

Full article 7 comments

Venezuela's new currency will go into circulation on December 15 in denominations of 20,000, 10,000, 5,000, 2,000, 1,000 and 500 Bolivars, with 100-, 50- and 10-bolivar coins, the Venezuelan Central Bank (BCV) announced. Read full article

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Briton
In these cases and counties, is it not true to say,
the higher the denominations the more worthless it becomes,

im probable wrong so feel free...
Dec 11th, 2016 - 09:16 pm - Link - Report abuse +2
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Marti Llazo
And you notice that Argenzuela just released a new higher-denomination bill.

Tic-toc.
Dec 12th, 2016 - 03:30 am - Link - Report abuse +2
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ChrisR
Just give it a couple of months and that 20,000 bolivars will be worth U$D2 or even 1.

The citizens of this damnable country are all Chavistas now, NOT.
Dec 12th, 2016 - 01:35 pm - Link - Report abuse 0
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Tarquin Fin
That 666 rate kind of scared me.
Dec 12th, 2016 - 02:28 pm - Link - Report abuse +1
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The Voice
Great opportunity for wheelbarrow manufacturers to clean up..
Dec 12th, 2016 - 05:53 pm - Link - Report abuse 0
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Jack Bauer
So in practical terms, the highest bill denomination, - 20,000 bolivares - or should we call them “maduritos” - will be worth less than US$ 5,00. Due to the scarceness and the price of bog roll, might be cheaper to use the new bills...
But one question, how are the passengers of public transportation going to get their wheelbarrows on /off the bus ?
Dec 12th, 2016 - 07:57 pm - Link - Report abuse 0
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Briton
Or what if they get mugged wheeling those heavy wheelbarrows around.
Dec 12th, 2016 - 08:12 pm - Link - Report abuse 0
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