Hyperinflation Forces Venezuela to Roll Out Three New Large Bills
- 10,000-, 20,000- and 50,000-notes will circulate on June 13
- Maduro slashed five zeros off the bolivar currency in Aug ’18
Venezuela’s central bank says it will begin circulating new 10,000, 20,000 and 50,000 bills.
Source: Central Bank of VenezuelaThis article is for subscribers only.
Venezuela said it will introduce large-denomination bolivar notes as hyperinflation erases the currency’s value and complicates the most ordinary purchases in the crisis-ravaged nation.
On Wednesday, the country’s central bank posted a statement on its website saying it would begin circulating the new 10,000, 20,000 and 50,000 bills to make payments “more efficient” and “facilitate business transactions” without providing further details.