The Venezuelan government recently lopped off six zeros from its hyperinflating currency, the bolivar.  The highest denomination currency note of 1 million bolivars, worth less than $.25, was replaced by a one-bolivar note.  At the same time, a 100-bolivar note, worth about $25.00, was introduced as the new highest denomination of the bolivar. The currency conversion was designed … Continue reading Venezuelans Turn to Gold as the Local Currency Implodes