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      Venezuela: New currency rolled out to curb hyperinflation01:06

      Venezuela: New currency rolled out to curb hyperinflation

      Venezuela, Bolivarian Republic of, Caracas
      EN ESPAÑOLPolitics
      August 21, 2018 at 03:15 GMT +00:00 · Published

      Venezuela rolled out a new currency in a bid to curb the country's hyperinflation, Monday.

      From Monday onwards, sovereign bolivars are legal tender, with five zeros slashed off.

      During the transitional period, sovereign bolivars, introduced by Venezuelan President Nicolas Maduro as part of financial reforms, are set to circulate alongside the old currency.

      Venezuela: New currency rolled out to curb hyperinflation01:06
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      Description

      Venezuela rolled out a new currency in a bid to curb the country's hyperinflation, Monday.

      From Monday onwards, sovereign bolivars are legal tender, with five zeros slashed off.

      During the transitional period, sovereign bolivars, introduced by Venezuelan President Nicolas Maduro as part of financial reforms, are set to circulate alongside the old currency.

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