This country went broke — then it went cashless

Venezuela's money is worthless. So they turned to Zelle to do business

Nov 30, 2020 | Editorial | Spending trends
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One nation, under hyperinflation

For decades, Venezuela’s ownership of the world’s richest oil reserves made it one of South America's wealthiest nations, but recent economic turmoil under President Nicolás Maduro tanked the country’s currency. Annual inflation rates of 200,000% (not a typo) left Venezuelans holding banknotes scarcely...

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