Caracas: Venezuela said that it would make millions-1 changes in its currency immediately, eliminating six zeros from prices in local currency because hyperinflation continued to disturb the troubled South America nation.
The central bank of Venezuela on Thursday announced changes to Bolivar will begin in October 1.
The new 100 Bolivar Bill will be the highest denomination.
This is equivalent to 100,000,000 from Bolivar at this time.
This is the third adjustment because the socialist leaders began to rule Venezuela.
Bolivar lost three zeros in 2008 under the dead president Hugo Chavez, while his replacement, Nicolas Maduro, eliminated five zeros in 2018.
Venezuela was in the sixth year of recession.
Millions of people live in poverty amid high food prices that are generally set in US dollars and low wages.
The 1 million Bolivar Bill is currently the highest denomination, but it is rare.
More than seven bills were needed to buy a bottle of water 1.3 gallons (5 liters), which cost 7.4 million Bolivar or $ 1.84 dollars on Thursday.
Venezuela to cut 6 zero from the currency
