March 22, 2018 / 11:03 PM / 6 months ago

Venezuela to knock three zeros off ailing currency

CARACAS, March 22 (Reuters) - Venezuela’s President Nicolas Maduro ordered a “redenomination” of the ailing bolivar currency on Thursday, knocking off three zeros amid hyperinflation and a crippling economic crisis.

The measure would take effect from June 4, he said. (Reporting by Vivian Sequera and Corina Pons Writing by Andrew Cawthorne Editing by James Dalgleish)

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