Venezuela knocks off 3 zeroes from currency amid inflation
Venezuelan President NicolÃ¡s Maduro on Thursday announced to re-denominate the country's bolÃ­var currency by knocking three zeroes off, effective from June 4 this year. The revaluation is aimed at combatting the rising economic crisis and hyperinflation in the country. According to reports, one litre of milk in the country costs 80,000 Venezuelan bolÃ­vars.