How Did Venezuela Go Broke?

Paul Greaney
By Paul Greaney
October 7, 2020NTD Business
share

Venezuela will print a new round of its highest denominated bills ever. The 100,000-bolivar notes will be worth around 23 U.S. cents each. Venezuela has been undergoing hyperinflation for 6 years now which has completely devalued its currency. Buying groceries now literately requires a bag of cash.

ntd newsletter icon
Sign up for NTD Daily
What you need to know, summarized in one email.
Stay informed with accurate news you can trust.
By registering for the newsletter, you agree to the Privacy Policy.
Comments