Venezuela launches new higher-denomination banknote

Protests in Venezuela
María Alejandra Mora/Global Panorama

A new higher denomination banknote has been launched by Venezuelan’s president in the face of inflation that is crippling the nation.

On November 1, Nicolas Maduro announced a 100,000 bolivar (worth around $2.50 at the black market rate, or $30 at the official rate) would enter circulation this week.

The launch of the new banknote comes less than a year after the central bank removed the largest denomination from circulation. The central bank cited money laundering concerns as the reason for i

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: