Inflation-wracked Venezuela goes big with new 100,000-bolivar note

Venezuela has a way to go match Zimbabwean levels of inflation in its currency, but it is certainly trying. A press release from its central bank on Nov. 1 said that President Nicolás Maduro wanted to expand the monetary system so the economy could function properly. Therefore, a new bill of a 100,000-bolivar denomination, or the U.S. equivalent of about $2.50 on the black market, was entering circulation that week. More…