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Inflation in Venezuala tops 100 000% - 1 BTC now costs 59 billion Bolivar. On Friday, president...

Inflation in Venezuala tops 100 000%
- 1 BTC now costs 59 billion Bolivar. On Friday, president Nicolas Maduro announced a new exchange rate for the Bolivar which is now pegged to the crypto currency Petro. Under the new guidelines, one Petro equals 60 $, which means that Venezuala's national currency (Bolivar) is essentially devalued by 96%.

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