Category Archives: bolívar fuerte

Venezuela: Central Bank introduces long anticipated bolívar soberano to an uneasy public

The Banco Central de Venezuela has introduced (20th August) their new bolívar soberano (or sovereign bolívar) to the weary Venezuelan public, amid uneasy social and economic conditions. The currency was launched on what was announced as a national holiday for a people who have been coping with a staggeringly high rate of inflation, resulting in the real loss of value of their currency by the day

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