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FRANCE24

A million to one: Venezuela's currency losing zeros • FRANCE 24 English

FRANCE24, 06 Aug 2021
#Venezuela says it will make a million-to-1 change in its #currency, eliminating six zeros from prices in the local currency as hyperinflation continues to plague the troubled South American nation.
Venezuela's central bank announced the change to the bolivar will go into effect on October 1st. The new 100 bolivar bill will be the highest denomination. It is equivalent to 100,000,000 of the current bolivar.

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