Venezuela introduces new banknotes as hyperinflation continues

New Venezuela notes

The Central Bank of Venezuela says it has introduced three new denominations of banknotes in a struggle to combat the country’s ongoing hyperinflation.

In a statement, the central bank said that it would be introducing new 10,000, 20,000, and 50,000 bolivar denominations on June 13. The highest of these notes, the 50,000 bolivar note, is worth only around $7.60 based on black market rates, which is more than Venezuela’s monthly minimum wage.

The central bank said it had issued the new

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