Venezuela Throws In The Towel On Hyperinflation: Will Print 200x Higher-Denominated Bills…(Our Future!?)
by Tyler Durden
Oct 27, 2016
Venezuela’s government, defeated by hyperinflation, has finally thrown in the towel and plans to issue new bills in December with larger denominations—up to 200 times higher than the current biggest bill. The new coins and notes will go up to 20,000 bolivars, compared to the current higest denominated bill, 100 bolivars, worth about 8 cents on the black market.