Venezuela to remove five zeroes from ailing currency

[Bacchus4.0]

https://www.reuters.com/article/us-venezuela-economy/venezuela-to-remove-five-zeroes-from-ailing-currency-idUSKBN1KF36V

CARACAS (Reuters) - Venezuela will remove five zeroes from the bolivar currency rather than the three zeroes originally planned, President Nicolas Maduro said on Wednesday, in an effort to keep up with inflation projected to reach 1 million percent this year.

[COLGATE4]

1. Well, paint me yellow and slap me silly

WHY didn't we think of this before???? Here Maduro had the perfect solution for all the (many) problems of the Venezuelan economy at hand all this time.

[DetlefK]

2. And this solves the problem once and for all.

?t=63

[GatoGordo]

5. Not so far removed from the truth!

The governor of Zulia said that the reason his state was experiencing rolling blackouts was that the "sun was closer to Zulia in the summer months" than other places, making things difficult.

[Zorro]

3. Wonder what our resident LatAm savant has to say about this

Bueller? Bueller? Judi?

[GatoGordo]

4. Too busy pointing out the horrific inflation in Brazil

stuck at 3.4%... compared to 1,000,000% (source: IMF) for Venezuela

Not to worry, though. Maduro has (another) cunning and subtle plan. He is going to anchor the New New Bolivar to the Petro cryptocurrency... which nobody can seem to find, let alone purchase.

Link to tweet

Venezuelans will be dining on steak and lobster tails in no time!