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Recevez les dernières nouvelles économiques de ForexMart, y compris les mises à jour des marchés financiers, les actions de la Banque centrale, les performances financières et d'autres nouvelles pertinentes qui pourraient avoir un impact sur l'industrie.

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Demonetisation of 100-Bolivar Notes

Décembre, 12 2016
watermark Economic news

The Republic of Venezuela made its announcement regarding the official replacement of the country’s banknotes, it will be fill in with coins within 3 days. The government decided to remove the 100-bolivar notes in order to minimize the smuggling of various items including foods. According to Nicolas Maduro, Venezuelan President, the syndicates run their operations within the border of the country cannot execute the repatriation of the notes. The most recent amount of the former “highest denomination” bill - 100 bolivar note is 2 US cents (£0.015). Moreover, the so-called “terrestrial paradise” are now dealing with a severe crisis both in political and economic sector since the region are included in the list of the world’s highest rates of inflation.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.