Hyperinflation: Venezuela Cuts SIX Zeroes From Its Currency | Business Explainer Video In a step to fight against hyperinflation, Venezuela unveiled today (Frida, October first) new banknotes. The Bolivar will lose six zeros. One million Bolivar will become one bolivar. The value will still be 25 US dollars. The country is battling high inflation for a long time. It's not the first time that the country resorts to such measures. The Bolivar lost 3 zeros in 2008 during former President Hugo Chavez’ government and 5 more in 2018, already under Nicolas Maduro. More about inflation on ENDEVR: TOP Five Worst cases of Hyperinflation in History: https://www.youtube.com/watch?v=qYHOCbEekR0 Why We Might Have High Inflation Soon and What YOUR Savings Have to Do With It: https://www.youtube.com/watch?v=vN2boxy9DTg ▬▬▬▬▬▬▬▬▬ Subscribe ENDEVR for free: https://bit.ly/3e9YRRG Join the club and become a Patron: https://www.patreon.com/freedocumentary Facebook: https://bit.ly/2QfRxbG Instagram: https://www.instagram.com/endevrdocs/ ▬▬▬▬▬▬▬▬▬ #FreeDocumentary #ENDEVR #Hyperinflation ▬▬▬▬▬▬▬▬▬ ENDEVR explains the world we live in through high-class documentaries, special investigations, explainers videos and animations. We cover topics related to business, economics, geopolitics, social issues and everything in between that we think are interesting.