Redenomination – DIGIT INFO

Like Venezuela, Some Retailers in Argentina Are Now Pricing Items in Dollars

DIGIT — Wed, 08 Mar 2023 12:30:17 +0000

Some retailers in Argentina are already pricing imported items in U.S. dollars, according to reports from local news outlets. The idea behind this would be to keep prices stable and avoid repricing articles each day, a practice that has already been adopted in other Latam countries like Venezuela, which present high levels of inflation. U.S […]

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Central Bank of Venezuela Announces ‘Digital Bolivar’ Redenomination Plan

DIGIT — Sat, 07 Aug 2021 04:30:09 +0000

The Central Bank of Venezuela announced the new redenomination plan for its fiat currency called “Digital Bolivar.” This new proposal seeks to simplify transactions by slashing six zeroes from the current value of the currency. While it is called digital, it has nothing to do with the proposal of a new central bank digital currency […]

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Venezuela to Slash Six Zeros From Its Currency to Facilitate Payments

DIGIT — Fri, 02 Jul 2021 21:30:20 +0000

The government of Venezuela is considering a new redenomination of its fiat currency. The proposal that is under study would cut six zeroes from the inflation-affected Bolivar. This would aid companies in processing taxes and provider payments that are absurdly complex with today’s numbers. However, the dollar is the predominant coin in retail payments in […]

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Polkadot Top 10 Redenomination Shot: Is the Token Now Bigger Than Chainlink?

DIGIT — Sun, 30 Aug 2020 09:30:12 +0000

The Polkadot token, which recently underwent a redenomination, has seen its value more than double in less than seven days. Now with a reported (but unverified) circulating supply of 897,657,920 tokens, the Dot token claims its place as the fifth-ranked token. At the time of writing, the token traded at $6.23, which translates to a […]

The post Polkadot Top 10 Redenomination Shot: Is the Token Now Bigger Than Chainlink? appeared first on Bitcoin News.

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How Governments Steal Your Money and Conceal It Through Inflation

DIGIT — Mon, 05 Aug 2019 19:30:54 +0000

Dozens of countries all over the world have used the same trick called redenomination to hide how they have stolen their own citizens’ money through inflation or hyperinflation. The next nation to try this economic sleight of hand is the government of the Islamic Republic of Iran. Also Read: Global Crypto War Is Heating up […]

The post How Governments Steal Your Money and Conceal It Through Inflation appeared first on Bitcoin News.

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