The Banco Central de Venezuela has hastily announced (12th June) the issue of three new, larger banknote denominations just nine months after they re-denominated the bolivar currency to keep one step ahead of the country’s runaway annual rate of inflation. The bolivar soberano banknotes in denominations from 2-500 bolivares and two coins of one bolivar and 50 centavos were soon made redundant due to the escalating level of inflation
By Everett Millman – Gainesville Coins …… If you haven’t noticed, Venezuela is in absolute turmoil. The growing calamity has economic, political, and humanitarian dimensions that are beginning to spread across South America. Aside from a growing refugee crisis and shortages of food and medicine, the country is dealing with political upheaval and runaway inflation. Its […]
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