Venezuela confirms bigger bills amid world's highest inflation


  • World
  • Sunday, 04 Dec 2016

People line up to withdraw cash from a Banco de Venezuela branch in Caracas, Venezuela December 2, 2016. REUTERS/Ueslei Marcelino

CARACAS (Reuters) - Venezuela will introduce six new notes and three new coins starting in mid-December to help alleviate practical problems in doing business with the world's most inflationary currency, according to the central bank.

Currently, the OPEC nation's largest note is worth just 2 U.S. cents on the black market, meaning cash transactions are extremely cumbersome.

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