Wednesday 12 Aug, 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

Interest in WTM London 2026 is already high several months before the fair. The organizer states that...
Monaco is one of the world's smallest countries, but it contains an unusually large mix of history,...
Sunsets, long dinners and an escape from the hustle and bustle of everyday life. A vacation can do more for your relationship...
The Norwegian Group today presents its results for the second quarter of 2026. Despite a weaker financial result compared to...

Popular posts

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