Thursday, November 2, 2017

Venezuela unveils largest-ever bill, worth a few US dollars

 Venezuelans living with hyper-inflation and a scarcity of cash for buying daily goods will soon have the country's largest paper bill circulating in recent memory. President Nicolas Maduro on Wednesday held up the new 100,000-bolivar bill in a nationally broadcast appearance. The new note, however, will be worth less than $2.50 at today's black-market rate. Maduro also unveiled a 30 percent boost to the country's minimum wage. More…

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