SHAPIRO: To explain how Venezuela's currency became so worthless, I called up Daniel Lansberg-Rodriguez at Northwestern University. He studies the economies of Latin America.

Venezuela's currency, the bolivar, ... "It's absolutely a worthless currency," says Siobhan Morden, head of Latin America fixed income strategy at Nomura Holdings. "1,000 to 2,000 to 3,000 ...

VENEZUELAN hawkers on the border with Colombia call it “money art”. The handbags, purses and hats they sell are made from nearly new Venezuelan banknotes and sold as mementos. Payment is in ...

Citizens picking food out of discarded garbage bags. A mother mourning the death of her infant, lost to malnutrition and malaria. A young boy uses paper currency to weave a makeshift purse, simply ...

In late March 2019, a photograph supposedly showing piles of "worthless" currency thrown into gutters in Venezuela circulated on social media, attached to comments blaming socialism for the ...

CUCUTA, Colombia –– Venezuela’s currency has become virtually worthless, making it better used to turn colorful bolivar bills into a purse than to spend them on a purse – or anything else.

The long-running dinar scam began shortly after the 2003 U.S. invasion of Iraq, when the country’s currency, already having lost most of its value due to sanctions, dropped to the point where ...

The exchange rate is $1 to S35,000,000,000,000,000. So it comes as no surprise that Zimbabwe is scrapping its local currency in favor of the U.S. dollar, reports the Telegraph. Zimbabweans will be … ...