Al Jazeera English published this video item, entitled “Venezuela: Six zeros to be cut from bolivar in currency revamp” – below is their description.
In Venezuela, the US dollar is fast becoming the currency of choice.
The local money has been made effectively worthless by hyperinflation. Venezuela has announced it will remove six zeros from the bolivar in another attempt to save a currency that has been racked by years of hyperinflation.
Al Jazeera’s Latin America Editor Lucia Newman reports from Santiago, Chile.
Al Jazeera English YouTube Channel
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About This Source - Al Jazeera English
The video item below is a piece of English language content from Al Jazeera. Al Jazeera is a Qatari state-funded broadcaster based in Doha, Qatar, owned by the Al Jazeera Media Network.
Chile, officially the Republic of Chile, is a country in western South America. It occupies a long, narrow strip of land between the Andes to the east and the Pacific Ocean to the west. Chile covers an area of 756,096 square kilometres (291,930 sq mi) and has a population of 17.5 million as of 2017. The capital and largest city is Santiago and the national language is Spanish.
Chile borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far south. Chilean territory includes the Pacific islands of Juan Fernández, Isla Salas y Gómez, Desventuradas, and Easter Island in Oceania. Chile also claims about 1,250,000 square kilometres (480,000 sq mi) of Antarctica under the Chilean Antarctic Territory.
Venezuela is a country on the northern coast of South America with diverse natural attractions. Along its Caribbean coast are tropical resort islands including Isla de Margarita and the Los Roques archipelago. To the northwest are the Andes Mountains and the colonial town of Mérida, a base for visiting Sierra Nevada National Park. Caracas, the capital, is to the north.