Latest news about fintech and blockchain.
 

Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation

Venezuelans are used to their currency costing less than the paper it’s printed on. Economic misfortunes and political upheaval place their country at the bottom of all inflation charts, year after year. The latest incarnation of the national fiat, Bolívar Soberano, has succumbed to the illness of all previous emissions – rapid depreciation. The government has just announced it’s releasing a 50,000 bolivar banknote. This is a little more than the minimum monthly wage but it can hardly buy you a decent meal in Caracas. Also read: Hotels and Realtors...

read more...

Published By: Bitcoin - 14-06-2019