Venezuela president’s solution to inflation: Change money - News Summed Up

Venezuela president’s solution to inflation: Change money


FILE - In this March 2, 2018 file photo, Venezuela’s President Nicolas Maduro smiles while answering a journalist’s question, at the National Electoral Council in Caracas, Venezuela. Maduro announced in a state television broadcast Thursday, March 23, that he’s tackling the country’s staggering inflation by lopping three zeros off the increasingly worthless bolivar currency. (Ariana Cubillos, File/Associated Press)CARACAS, Venezuela — Venezuelan President Nicolas Maduro says he’s tackling the country’s staggering inflation by lopping three zeros off the increasingly worthless bolivar currency. Maduro announced the strategy in a state television broadcast Thursday. Oil-rich Venezuela is caught in a spiraling economic crisis with hyperinflation that has made cash hard to find.


Source: Washington Post March 22, 2018 23:45 UTC



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