❗Help close the gap: We still need to raise $40,000 by the end of March. Donate now

Venezuela launches new currency, but problems remain

Dan Gorenstein Aug 20, 2018
HTML EMBED:
COPY
A man shows new five Bolivar-notes in Caracas on Aug. 20, 2018. FEDERICO PARRA/AFP/Getty Images

Venezuela launches new currency, but problems remain

Dan Gorenstein Aug 20, 2018
A man shows new five Bolivar-notes in Caracas on Aug. 20, 2018. FEDERICO PARRA/AFP/Getty Images
HTML EMBED:
COPY

Today Venezuela rolls out its new currency – the “sovereign bolivar.” It’s one of several steps the country is taking to curb runaway inflation, which is likely to top 1 million percent this year, according to the International Monetary Fund. What effect will this have on the South American nation’s economy?

Click the audio player above to hear the full story. 

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.