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Director / Editor: Victor Teboul, Ph.D.
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Venezuela to Issue Bigger Notes 'Very Soon' as Inflation Surges

President Nicolas Maduro said on Friday Venezuela would issue higher denomination bills "very soon" as soaring inflation and a crumbling currency leave the crisis-stricken country's largest note worth just 2 U.S. cents on the black market. Still, the long-awaited entry of 500 and 5,000 bolivar notes will only bring a brief respite amid rapid money printing and a weakening currency. Today 5,000 bolivars buy just over $1 on the black market, which exists because Venezuela...


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