Venezuela’s currency so worthless it’s mostly being used for making crafts - News Summed Up

Venezuela’s currency so worthless it’s mostly being used for making crafts


Venezuela – once one of the more prosperous countries in Latin America – has been driven into such economic and political turmoil that its currency is no longer of any use. Across the border in Colombia, Hector Cordero uses the currency to make wallets and purses, which he sells to tourists in Colombia. “These bolivares soberanos notes are worth nothing,” Cordero, who is from Caracas, told Al Jazeera. "When I run out of bolivares, my brother goes to Venezuela and brings more notes," Cordero said. He said people in Venezuela will exchange the worthless bills for other currency – most commonly U.S. bills – or for food.


Source: Fox News December 26, 2019 16:30 UTC



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