RIO DE JANEIRO, BRAZIL - The Venezuelan government will remove six zeros from the bolivar, the local currency hit by runaway inflation, and introduce a new currency cone, the central bank announced Thursday (5).
"From October 1, 2021, the digital bolivar will come into effect, applying a currency scale that eliminates six (6) zeros in the national currency. In other words, all monetary amounts and everything expressed in national currency will be divided by one million
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