Due To Hyperinflation Venezuela To Print 1,000,000-Bolivar Bills

DW: Venezuela to introduce 1-million-bolivar bill 

The Central Bank of Venezuela's new notes were launched as hyperinflation and US sanctions continue to cripple the economy of the oil-producing nation. As inflation skyrockets, the biggest bill is worth just 52 cents. 

The Central Bank of Venezuela (BCV) announced Friday the introduction of three new banknotes: 200,000, 500,000 and one million bolivars. 

But with inflation skyrocketing, the highest denominated bill has a value of just $0.52 cents (€0.44 cents), according to the official rate. 

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WNU Editor: Venezuela's inflation rate in 2020 was 3,000% .... Venezuela reports 2020 inflation of 3,000 percent (AFP). 

 More News On Venezuela To Print 1,000,000-Bolivar Bills Amid Raging Inflation 




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