Venezuela: Six zeros to be cut from bolivar in currency revamp

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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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.

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