Venezuela: New currency fails to curb hyperinflation

Price of goods are already going up after the Venezuelan bolivar was devalued by 95 percent over the weekend.

by

    A newly printed currency has done little to stop hyperinflation in Venezuela.

    Businesses are closed, as they attempt to work out what to charge for goods, after the currency was devalued by 95 percent over the weekend.

    And the price of goods available for sale are already going up.

    Al Jazeera's Lucia Newman reports from Caracas.


    YOU MIGHT ALSO LIKE

    Learn what India's parties' symbols mean by drawing them

    Learn what India's parties' symbols mean by drawing them

    More than 2,300 political parties have registered for the largest electoral exercise in the world.

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Why did Bush go to war in Iraq?

    Why did Bush go to war in Iraq?

    No, it wasn't because of WMDs, democracy or Iraqi oil. The real reason is much more sinister than that.