Chaos in Venezuela: bills and coins pulled out of circulation to combat hyperinflation

Tuesday, December 13th 2016 - 10:23 UTC

Full article 1 comment

Venezuelans hastily dumped the country's 100-bolivar bill, the largest denomination, on Monday after the government said it would be pulled from circulation as the crisis-racked nation suffers what is believed to be the world's highest inflation. Populist president Nicolas Maduro said the withdrawal of the bill — worth just 2 U.S. cents on the black market — was needed to reduce contraband of the banknotes on the Venezuela-Colombia border. Read full article

Comments

Disclaimer & comment rules

Bisley
This gang of corrupt socialist morons have destroyed Venezuela's economy, financial system and currency -- printing money isn't going to fix it. Until this government is overthrown and replaced by one that promotes economic freedom and property rights, and leaves its people alone to manage their own affairs, Venezuela will not recover.
Dec 13th, 2016 - 04:30 pm - Link - Report abuse +1
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!