Venezuela to knock three zeros off ailing currency
CARACAS (Reuters) - Venezuela's President Nicolas Maduro ordered a "redenomination" of the ailing bolivar currency on Thursday, knocking off three zeros amid hyperinflation and a crippling economic crisis.
The measure would take effect from June 4, he said.
(Reporting by Vivian Sequera and Corina Pons; Writing by Andrew Cawthorne; Editing by James Dalgleish)
Disclaimer: No Business Standard Journalist was involved in creation of this content
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Mar 23 2018 | 4:52 AM IST