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Economics

Hyperinflation: Venezuela Cuts SIX Zeroes From Its Currency

Hyperinflation: Venezuela Cuts SIX Zeroes From Its Currency
Venezuela has been fighting against hyperinflation for years, resorting to desperate measures to counter the economic crisis. In the latest bid to stabilize the economy, the country has unveiled new banknotes with six zeros less than the current ones. What used to be one million Bolivar will now be one. The new currency’s value will still be 25 US dollars.
The new banknotes are not the first such measure taken by the authorities. In 2008, during Hugo Chavez’s presidency, the Bolivar lost three zeros. The country’s current president Nicolas Maduro resorted to cutting five zeros as part of economic reforms implemented in 2018. Follow the journey of Venezuela’s battle against hyperinflation in the riveting documentary “Third Person.”
Rank #2
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Turkish Libra 5 x 500,000 Uncirculated Banknotes 500,000 (1/2 Million)
  • Lot of 5 x 500,000 Turkish currency, Our new paper money currencies are uncirculated, gem and crisp.
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Bestseller No. 2
5 x 10 Million & 20 Million VENEZUELA DIGITALES Banknotes -
5 x 10 Million & 20 Million VENEZUELA DIGITALES Banknotes -
Sets of 5 x 10 M & 20 M Vene UNC Uncirculated banknotes; ORDER TWO SETS AND RECEIVE 2 X 1,000,000 VENEZUELA BOLIVAR DIGITAL BANKNOTE
$56.98
Bestseller No. 5
Turkish Libra 5 x 500,000 Uncirculated Banknotes 500,000 (1/2 Million)
Turkish Libra 5 x 500,000 Uncirculated Banknotes 500,000 (1/2 Million)
ALL ORDERS WILL BE SHIPPED WITH THE GENEROUS GIFT; No folds or creases and are excellent choice for collectors and investors.
$76.99
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