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Venezuela's inflation rate of 359% erodes economic recovery, forces citizens to migrate

Venezuela's almost 400 percent inflation rate over the past three months has eroded the "slow and fragile" recovery of the country's economy – which had been collapsed by the [.] ....

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Venezuela Issues Million-Bolivar-Bill Worth 50 Cents As Hyperinflation Rages

by Tyler Durden
Tuesday, Mar 09, 2021 - 04:15 AM
Venezuela s currency has lost 99.999% of its value during the six years of hyperinflation, forcing the country to issue larger banknotes. On Friday, the nation s central bank announced new plans to unveil the highest valued banknote of one million bolivars.
The Central Bank of Venezuela tweeted Friday that
three new banknotes will be incorporated into the current Monetary Cone, as part of the expansion of the current family of monetary species. As early as this week, it will introduce banknotes worth 200,000, 500,000, and one million bolivars. For those wondering how much
one million bolivars is worth in terms of US dollars, well, it s around 50 cents. ....

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Venezuela Issues Million-Bolivar-Bill Worth 50 Cents as Hyperinflation Rages

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