Currency Redenomination – Venezuela introduces the new currency
First notes to Be shown to public: Venezuela introduces new currency, drops 6 zeros
The new bolivar banknotes ahead of a currency redenomination in Caracas, Venezuela. Venezuelan banks possess more than 90% of the new bolivar bills issued by the central bank as part of the currency ‘redenomination’
Before the adjustment, the highest denomination was a 1 million bolivar bill that was worth a little less than a quarter as of Thursday. The new currency tops out at 100 bolivars, a little less than $ 25
Original Source: livemint.com