Monday, December 5, 2016

VENEZULA--- HYPERINFLATION...................Inflation is not fun

New denominations including bills of 500, 1,000, 2,000, 5,000, 10,000 and 20,000 bolivars will start appearing at banks from Dec. 15, according to a Central Bank statement.

The [previous] reluctance of authorities to issue bills larger than 100 bolivars over the past several years as the currency declined in value had forced Venezuelans to ditch wallets in favor of bags of cash for everyday transactions. Some shopkeepers have started to weigh wads of notes instead of counting them to save time.

Venezuela to Issue Bigger Bills This Month as Currency Plunges

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