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Venezuela to cut six zeros from prices amid hyperinflation

Credit: REUTERS/Leonardo Fernandez Viloria

August 05, 2021 — 08:50 am EDT

Written by Deisy Buitrago and Vivian Sequera for Reuters ->

CARACAS, Aug 5 (Reuters) - Venezuela will cut six zeros from prices expressed in the local bolivar currency as of Oct 1, the central bank said in a statement read on state television on Thursday, a response to continuing hyperinflation in the South American nation.

(Reporting by Deisy Buitrago and Vivian Sequera, writing Brian Ellsworth)

((brian.ellsworth@thomsonreuters.com; 58 212 655 2660; Reuters Messaging: brian.ellsworth.thomsonreuters.com@reuters.net, @ReutersVzla))

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