“Venezuelans living with hyper-inflation and a scarcity of cash for buying daily goods will soon have the country’s largest paper bill circulating in recent history.  The country’s president announced Wednesday that the new 100,000- bolivar note will hit the streets this week. It will be worth less than $2.50 in U.S. currency in black market dealings.  In a nationally broadcast appearance, President Nicolas Maduro held up the new paper bill, while also unveiling a 30 percent boost to the minimum wage.  The new denomination is stop-gap measure in an economic plan by Maduro’s government aimed at doing away with the need for paper money.”

Read more: http://abcnews.go.com/International/wireStory/venezuela-unveils-largest-bill-worth-us-dollars-50874737

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