Because of the hyperinflation process, as of next October the Venezuelan currency, Bolivar, will lose six zeroes, the central bank announced on Thursday, This is the third time in thirteen years ...

Venezuela came to a standstill on Tuesday as the country tried to deal with its newly introduced currency. Thousands of businesses closed in order to adapt to the "sovereign bolivar", and many ...

Venezuela is letting the bolivar depreciate as the government tries to quell demand for US dollars that’s been rising since ...

Venezuela is giving its national currency, the bolivar, a makeover in October. In addition to redenomination, the country’s central bank plans to launch its central bank digital currency (CBDC ...

(Bloomberg) -- Venezuela is letting the bolivar depreciate as the government tries to quell demand for US dollars that’s been rising since July’s election, risking sparking a new bout of ...