Venezuela city issues own currency to combat national cash crisis


  • World
  • Sunday, 18 Mar 2018

A man counts Venezuelan bolivar notes in downtown Caracas, Venezuela January 9, 2018. REUTERS/Marco Bello

SAN CRISTOBAL, Venezuela (Reuters) - A western Venezuelan city began to issue its own currency this week to alleviate the hyper-inflationary country's cash crisis.

The "Elorza" currency, with bills featuring the face of local independence leader Jose Andres Elorza, will be valid in the city of Elorza, near Venezuela's border with Colombia.

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