Aug 20, 2018
Venezuela launches new currency, but problems remain
Today Venezuela rolls out its new currency – the “sovereign bolivar.” It’s one of several steps the country is taking to curb runaway inflation, which is likely to top 1 million percent this year, according to the International Monetary Fund. What effect will this have on the South American nation’s economy? Click the audio player […]
A man shows new five Bolivar-notes in Caracas on Aug. 20, 2018.
FEDERICO PARRA/AFP/Getty Images
Today Venezuela rolls out its new currency – the “sovereign bolivar.” It’s one of several steps the country is taking to curb runaway inflation, which is likely to top 1 million percent this year, according to the International Monetary Fund. What effect will this have on the South American nation’s economy?
Click the audio player above to hear the full story.