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World News

Swamped in Inflation, Venezuela Will Cut Five Zeros from Currency

FILE -- People wait to purchase government-subsidized food at a state-run supermarket, in Caracas, Venezuela, May 15, 2018. Slashing zeros from Venezuela’s inflation-cursed currency, the bolívar, is the tent-pole of a set of economic changes by President Nicolás Maduro as he tries to right his country’s capsized economy. (Meridith Kohut/The New York Times)