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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: