Stripped of six zeros, the Venezuelan currency is now called”digital” bolivar

The bolivar, officially born as “sovereign”, was already before this measure missing eight zeros since it has already undergone two monetary reconversions – those that made it go from the original to the “strong” and the current “sovereign.”

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 (1 . . .

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