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Venezuela launches new currency, but problems remain

Dan Gorenstein Aug 20, 2018
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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
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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?

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