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Venezuela 'paralysed' by launch of sovereign bolivar currency
Source: BBC
Venezuela 'paralysed' by launch of sovereign bolivar currency
21 August 2018
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 workers stayed at home.
President Nicolás Maduro launched the new banknotes on Monday, revaluing and renaming the old bolivar currency.
The government say this will tackle runaway inflation, but critics say it could make the crisis worse. The notes went into circulation on Tuesday.
-snip-
21 August 2018
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 workers stayed at home.
President Nicolás Maduro launched the new banknotes on Monday, revaluing and renaming the old bolivar currency.
The government say this will tackle runaway inflation, but critics say it could make the crisis worse. The notes went into circulation on Tuesday.
-snip-
Read more: https://www.bbc.com/news/world-latin-america-45262525
1 replies
= new reply since forum marked as read
= new reply since forum marked as read
It looks great on paper... Maduro and Delcy and Diosdado and Elias and Vlad and Tarek all had a meeting about it. The decision was unanimous.
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