Venezuela new 500- and 1,000-bolivár notes reported for introduction in 2016

According to an article in the Australia Finanical Review dated 27 August 2015, the Banco Central de Venezuela is planning to introduce 500- and 1,000-bolivár notes after the 6 December 2015 congressional elections. With inflation likely to top 150% for 2015, the value of the currency has eroded to the point that the current highest denomination, the 100-bolivár note, is worth only approximately US$15.90 at official exchange rates (one US dollar is currently worth 725 bolivars on the black market).

Courtesy of Tristan Kolm.

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