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Hyperinflation, 1 Million Bolivar Note (worth .53) And Record Stock Prices
Hyperinflation, 1 Million Bolivar Note (worth .53) And Record Stock Prices
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The country’s central bank posted a statement on its website Friday saying it would begin circulating the new 200,000, 500,000 and 1,000,000 bills to “fulfill the current economy’s requirements” without providing further details. The 1,000,000 note -- the largest in the nation’s history -- is worth only $0.53 cents. It's crazy they had plans to release a 100,000 note which became obsolete before they could announce it in the summer. Some of this sounds familiar to what we've been seeing in the dollar
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