Miraflores Palace/Reuters Venezuelan President Nicolas Maduro announced a new 100,000-bolivar note. In US currency, it was worth less than $ 2.50 on the back market as of last week. High inflation after Venezuela’s economic collapse in 2016 caused the bolivar’s value to plummet. Maduro plans to eventually eliminate all physical currency to alleviate cash shortages which continue to cripple […]
