VOICED : Venezuela lanza billetes de mayor valor sin hablar de inflacion

The Central Bank of Venezuela introduced new currency denominations ranging from 500 to 20,000 bolívares to ease cash transactions. These new banknotes will circulate progressively from December 15, maintaining historical figures and animals from 2008. Existing 10, 50, and 100 bolívar notes will become coins, and the new denominations will coexist with current currency. Despite not providing 2016 inflation figures, the IMF projects a 475% inflation rate for Venezuela.

What is the range of the new banknotes introduced by the Central Bank of Venezuela?

• 200 to 15,000 bolívares

• 100 to 10,000 bolívares

• 500 to 20,000 bolívares

• 1,000 to 50,000 bolívares

When will the new banknotes start circulating?

• December 1

• November 15

• December 15

• January 1

Which denominations will be converted into coins?

• 10, 50, and 100 bolívares

• 200, 500, and 1,000 bolívares

• 500, 1,000, and 5,000 bolívares

• 50, 100, and 500 bolívares

What will happen to the current currency denominations?

• They will coexist with the new denominations

• They will be immediately replaced

• They will be phased out by the end of the year

• They will be converted into digital currency

What is the projected inflation rate for Venezuela in 2016 according to the IMF?

• 350%

• 200%

• 475%

• 600%