Venezuela's currency against US dollar tumbles 737%

The value of Venezuela's currency, the Bolivar, has nose-dived too fast and has now reached a point where  it's worth less than a penny on the US dollar. The Bolivar tumbled against the US dollar over 700% during the past 12 months. A year ago, 82 bolivars were equal to one US dollar. Now, over 670 bolivars are equal to the US dollar. The bolivar against the US dollar fell 737% from 82 on 15 August 2014 to 687 on 15 August 2015. The extreme inflation rate and drop in oil prices are taking a toll on the Venezuela's economy. More…