Venezuela’s central bank said on Friday that it would introduce a $ 1 million banknote starting next week, as the value of the troubled South American country’s currency continues to depreciate after years of persistent excesses.
The new banknote will be worth just 52 US cents at the current official exchange rate. The central bank said that inter annual inflation was running at 2,665% in January.
The OPEC nation’s economy has been in an oil spin for the past 7 years, caused by a drop in oil prices, resulting in a drop in imports and a reduction in the fiscal deficit, prompting the central bank to print more bolivars. inspired.
A letter from the editor
Dear reader,
We have been giving you information about the development of India and the world during these difficult times and the impact on our health and well-being, our lives and livelihoods. To enable a wider spread of news that is in the public interest, we have increased the number of articles that can be read free of charge, and extend the free trial period. However, we have a request for those who can afford to subscribe: please do. As we fight disinfection and misinformation, and are indifferent to events, we need to create more and more resources for news gathering operations. We promise to deliver quality journalism that stays away from vested interests and political propaganda.
Support quality journalism
A letter from the editor
Dear Customer,
Thank you!
Your support for our journalism is invaluable. It is an endorsement of truth and fairness in journalism. It has helped us to be inspired by events and happenings.
Morning Tidings has always stood for journalism that is in the public interest. In this difficult time, it becomes even more important that we have access to information that impacts our health and well-being, our lives and livelihoods. As a customer, you are not only the beneficiary of our work, but also its promoter.
We also reiterate the promise here that our team of journalists, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that shies away from vested interests and political propaganda.
Suresh Nambath
.
Leave a Reply