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1.Market Observations, 8.Was Sticky

28 Aug 2015 (AFR) – Venezuela is adding zeroes to its banknotes to deal with hyperinflation

(28 August 2015, AFR, p31, by Noris Soto and Nathan Crooks)

‘Venezuela is preparing to issue bank notes in higher denominations next year as rampant inflation reduces the value of a 100-bolivar bill to just 14 US cents on the black market. The new notes — of 500 and possibly 1,000 bolivars — are expected to be released sometime after congressional elections are held on December 6, said a senior government official…’

Read more at AFR.com (might need AFR login access)

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