CARACAS, Oct 1 (Reuters) - Venezuela on Friday launched its second monetary overhaul in three years by cutting six zeros from the bolivar currency in response to hyperinflation, simplifying accounting but doing little to ease the South American nation's economic crisis.
The plan seeks to makes accounting more straightforward at businesses and banks, where systems can no longer handle the huge figures.
Venezuela's year-on-year inflation is 1,743%, according to the Venezuelan Finance Observatory.
A minimum wage salary is barely $2.50 per month...Read all.
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