Venezuela’s hyperinflation is driving the government loony tunes. That’s the only explanation I can think of why the government of Nicolas Maduro has decided to lop off three zeroes from its currency, the Bolivar, to fight, he says, “economic persecution” from Columbia.
“I have decided to reduce three zeros of the currency and take out of circulation the current bills and put into circulation new bills,” Maduro said on Thursday during a broadcast on state channel VTV.
The President said that this new monetary denomination, which replaces the one he established in January 2017, will help the government fight the “economic war of financial persecution”, which he claimed was masterminded by Colombian President Juan Manuel Santos with the help of Venezuelan opposition leader Julio Borges, Efe news reported.
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