Venezuela Enacts One of the Biggest Currency Devaluations Ever
Maduro reduced the bolivar's value by 95 percent; inflation may exceed the 1 million percent already projected for 2018.
By Eduardo Thomson & Fabiola Zerpa|August 20, 2018 at 01:16 PM
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Venezuelan President Nicolas Maduro carried out one of the greatest currency devaluations in history over the weekend—a 95 percent plunge that will test the capacity of an already beleaguered population to stomach even more pain.