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Venezuela to revalue ailing bolivar currency from June 4 CARACAS (Reuters) – President Nicolas Maduro said on Thursday that three zeroes would be lopped off Venezuela's ailing currency in a revamp of the bolivar to try to combat the world's highest inflation. The new currency, to take effect from June 4, essentially divides existing bolivars by 1,000, so a ...
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Venezuela to knock three zeros off ailing currency CARACAS, March 22 (Reuters) - Venezuela's President Nicolas Maduro ordered a "redenomination" of the ailing bolivar currency on Thursday, knocking off three zeros amid hyperinflation and a crippling economic crisis. The measure would take effect from June 4, he said. (Reporting by Vivian Sequera ...
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RenCap: ECOWAS single currency 2020 take-off not feasible In a research note by its Global Chief Economist and head of macro-strategy unit, Charles Robertson, obtained by New Telegraph, the firm said it supports Nigeria's position that a single currency for the sub region is ill-advised at this time. The firm stated: "Despite the leaders of the Economic Community ...
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