A million to one: Venezuela’s currency losing zeros • FRANCE 24 English

#Venezuela says it will make a million-to-1 change in its #currency, eliminating six zeros from prices in the local currency as hyperinflation continues to plague the troubled South American nation. Venezuela’s central bank announced the change to the bolivar will go into effect on October 1st. The new 100 bolivar bill will be the highest denomination. It is equivalent to 100,000,000 of the current bolivar. Subscribe to France 24 now: FRANCE 24 live news stream: all the latest news 24/7 Visit our website: Subscribe to our YouTube channel: Like us on Facebook: Follow us on Twitter: