In addition to lopping five zeros off of Venezuela’s unit of account, the sovereign bolivar is supposed to be linked to the petro, Venezuela’s cryptocurrency, which is supposed to be anchored ...

CARACAS, Oct 1 (Reuters) - Venezuela on Friday launched its second monetary overhaul in three years by cutting six zeros from the bolivar currency in response to hyperinflation, simplifying ...

In an effort to curb soaring inflation in Venezuela, President Nicolas Maduro shaved five zeros off the value of the bolivar and raised the minimum wage by 3,500 percent. But analysts are saying ...

Venezuela is set to debut a new currency that will feature six fewer zeros, a response to years of some world’s worst inflation. The highest denomination of the Venezuelan bolivar had previously ...

This is the third time Venezuela’s socialist leaders have lopped zeros off the currency. The bolivar lost three zeros in 2008 under the late President Hugo Chávez, while his successor ...

CARACAS (Reuters) - Venezuela’s President Nicolas Maduro ordered a re-denomination of the ailing bolivar currency on ... hide hyperinflation by knocking zeros off the currency," said Francisco ...

Venezuela is launching a new currency that slashes five zeros off the country’s fast ... as they prepare to release the “sovereign bolivar”. The new paper bills will have two coins and ...

a financial and accounting consulting partner at EY Venezuela, said. The digital bolivar represents the third removal of zeros from the Venezuelan currency since 2008, when then-President Hugo ...

To put that into perspective, as of last month, a cup of coffee in Venezuela cost 1 million bolivars. Maduro initially floated the idea of eliminating three zeros from bolivar bills in March ...

This is the third time Venezuela’s socialist leaders have lopped zeros off the currency. The bolivar lost three zeros in 2008 under the late President Hugo Chávez, while his successor ...

This is the third time Venezuela’s socialist leaders have lopped zeros off the currency. The bolivar lost three zeros in 2008 under the late President Hugo Chávez, while his successor ...