All it takes to be a millionaire in Venezuela is an American penny: the economy of the South American country is very bad, they are offering a million bolivar notes that cost about 53 cents.
According to a statement Country’s central bank, Venezuela will also print 200,000 and 500,000 bills with 1,000,000 bills.
The move came as hyperinflation made small bills very much worthless and useless – and most citizens are “turning to the US dollar for every transaction” Bloomberg Notes
, “About 66 percent (now) of transactions across the country are estimated to be done in foreign currency.”
Venezuelan President Nicolas Maduro has claimed that he is going to make the country the world’s first fully digital economy in an attempt to fight inflation of over 3000 percent last year.
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