Venezuela to knock three zeros off ailing currency
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.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.