epa11572396 A person counting banknotes in Caracas, Venezuela, 26 August 2024 (issued 29 August 2024). The recent issuance of two new banknotes in Venezuela, of 200 and 500 bolivars?the highest denomination in circulation (about $5.40 and $13.60 at the official exchange rate)?represents an 'inflationary update' of the monetary system, which has been in effect since the 2021 redenomination, the third such measure this century, according to Rodrigo Cabezas, Finance Minister from 2007 to 2008 under the government of Hugo Chavez, as reported to EFE. EPA/Ronald Pena R
