Fri, Mar 23, 2018
Venezuelan President Nicolas Maduro has decided to eliminate three zeros off the country`s inflation-ridden currency, the bolivar, taking effect from June 4, as an economic measure to "guarantee commercial activities". "I have decided to reduce three zeros of the currency and take out of circulat
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Fri, Dec 16, 2016
Venezuelans lined up to deposit 100-unit banknotes before they turned worthless, but replacement bills had yet to arrive, increasing the cash chaos in the country with the world`s highest inflation.
Mon, Dec 12, 2016
Venezuelan President Nicolas Maduro on Sunday signed an emergency decree ordering the country`s largest banknote, the 100 bolivar bill, taken out of circulation to thwart "mafias" he accused of hoarding cash in Colombia.
Tue, May 24, 2016
Officials said in early May that the price of controlled products would be updated to better reflect the cost incurred by producers.
Wed, Apr 27, 2016
Venezuela is hoping for a lot of rain over the coming weeks to replenish the reservoirs while the restrictions are in place.
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