Venezuela central bank launches new banknotes amid soaring inflation

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The Central Bank of Venezuela will launch a new, higher-value currency series on December 15, responding to rapid inflation as the nation's economic crisis continues.

The new series will feature six new banknotes, the highest of which is 200 times larger than the current highest denomination banknote, the 100 bolivar (worth around $0.02 at the black market rate, or $10 at the official rate). Three new coins will also be launched as part of the series.

"The circulation of the new notes of Bs500

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