Monday 28 Sep, 2026

Venezuela removes five zeros from new banknotes

Remove

Photo: central bank

Venezuela is introducing new coins and banknotes, with five zeros removed. Hyperinflation has made it almost impossible to trade with the old banknotes.

To buy a cup of coffee with cash, you needed a large stack of banknotes. The coffee cost 2.5 million bolivars before the new banknotes were introduced yesterday. Now the price is 25 bolivars.

The new banknotes are part of a package of measures presented by President Nicolás Maduro to try to catch up with inflation, which the IMF expects to reach one million percent this year.

Source: svt.se

Remove

Related posts

Från september till december pågår den traditionella druvskörden Rtveli i Georgien. Skörden inleds i Kakheti...
SAS lanserar en ny varumärkesplattform under namnet ”Scandinavian as Standard”. Plattformen ska långsiktigt styra hur...
Drygt sex av tio svenskar använder AI-tjänster 2026, jämfört med fyra av tio förra året....
Ett SAS-plan från London till Stockholm fick nödlanda i danska Billund vid 21-tiden på fredagskvällen, skriver...

Popular posts

Our website uses cookies. Read more about our use of cookies: Privacy policy