May 29, 2018 / 7:58 PM / a month ago

Venezuela's Maduro postpones planned currency overhaul

CARACAS (Reuters) - Venezuelan President Nicolas Maduro said on Tuesday he would postpone a planned overhaul next week of the bolivar currency for at least 60 days in order to evaluate its impact.

Venezuela's President Nicolas Maduro attends a meeting with banks and financial institutions representatives at Miraflores Palace in Caracas, Venezuela May 29, 2018. Miraflores Palace/Handout via REUTERS

Maduro said new bolivar notes would coexist with old notes during the monetary overhaul, which will remove three zeros from the hyperinflationary economy’s prices.

Reporting by Brian Ellsworth and Corina Pons; Writing by Angus Berwick; Editing by Sandra Maler

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