August 21, 2018

Venezuela's Sovereign Bolivar, Economic Reforms Go Into Effect

The new Venezuelan currency has five fewer zeros compared to the Bolivar, which will coexist for retail operations or smaller amount.

The monetary measures announced by the Venezuelan government, as part of the Recovery, Growth and Economic Prosperity Program, went into effect Monday, as the circulation of the Sovereign Bolivar began around the country. Read more + video.

teleSUR

Related,
-Venezuela launched new currency,'Sovereign BolĂ­var' pegged to energy cryptocurrency 'Petro' (video) - teleSUR

Venezuela lops five zeros off its currency in bid to tackle hyperinflation (video) - Independent
Venezuela is pegging its economic recovery to a cryptocurrency that’s widely considered a scam (video) - CNBC

Venezuela Changes Oil Policy To Combat Smuggling (video) - teleSUR
Morales Slams US "Invasion" (video) - teleSUR

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