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Venezuela issued a new currency on Monday in an attempt to bolster its crumbling economy. The rebranded currency has five fewer zeroes and will be pegged to a cryptocurrency called the Petro. The move is part of a raft of measures aimed at halting runaway hyperinflation. Thousands of Venezuelans continue to flee into neighboring countries amid food and medicine shortages, political turmoil, and soaring crime rates. The International Monetary Fund or IMF has warned that inflation in Venezuela could hit a startling one million percent this year.
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