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Wednesday 22 August 2018

loobobilly News: Venezuela Relaunches Currency In Attempt To Curb Hyperinflation

Venezuela Relaunches Currency In Attempt To Curb Hyperinflation Venezuela is relaunching its currency this week — lopping five zeros off the old bolivar and pegging the new to a crypto-currency called the Petro. This is an attempt to control runaway inflation that the International Monetary Fund estimates could hit 1 million percent this year. Venezuela is relaunching its currency this week — lopping five zeros off the old bolivar and pegging the new to a crypto-currency called the Petro. This is an attempt to control runaway inflation that the International Monetary Fund estimates could hit 1 million percent this year. Business
Venezuela is relaunching its currency this week — lopping five zeros off the old bolivar and pegging the new to a crypto-currency called the Petro. This is an attempt to control runaway inflation that the International Monetary Fund estimates could hit 1 million percent this year.

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