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Monday, January 16, 2017

This Is What Venezuela's New, Vertical, Banknotes, Now With Added Zeros Look Like | Zero Hedge

This Is What Venezuela's New, Vertical, Banknotes, Now With Added Zeros Look Like | Zero Hedge



Eager to get their hands on the new currency, AP writes that Venezuelans stood in long ATM lines Monday to take out new, larger-denominated bills "that President Nicolas Maduro hopes will help stabilize the crisis-wracked economy." Of course, they will do no such thing as the pieces of paper in circulation have absolutely no bearing on the underlying economy, or its hyperinflation, but it will take at least several more shipments of new banknotes before the Maduro figures this out.

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