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Venezuela to knock three zeros off ailing currency

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Reuters CARACAS
Last Updated : Mar 23 2018 | 5:06 AM IST

CARACAS (Reuters) - Venezuela's President Nicolas Maduro ordered a "redenomination" of the ailing bolivar currency on Thursday, knocking off three zeros amid hyperinflation and a crippling economic crisis.

The measure would take effect from June 4, he said.

(Reporting by Vivian Sequera and Corina Pons; Writing by Andrew Cawthorne; Editing by James Dalgleish)

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First Published: Mar 23 2018 | 4:52 AM IST

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