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Montevideo, May 29th 2023 - 18:58 UTC

Tag: venez

  • Monday, August 20th 2018 - 07:20 UTC

    Maduro launches new currency with five zeroes less but the same misery for the people

    The new currency, the sovereign Bolívar, to distinguish from the current strong Bolívar, will be anchored to the widely discredited cryptocurrency, the Petro

    Uncertainty reigned in Venezuela after President Nicolas Maduro unveiled a major economic reform plan aimed at halting the spiraling hyperinflation that has thrown the oil-rich, cash-poor country into chaos. Ahead of a major currency overhaul on Monday, when Caracas will start issuing new banknotes after slashing five zeroes off the crippled Bolívar, Maduro detailed other measures he hopes will pull Venezuela out of crisis.