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Venezuela said it would issue higher-denominated bills as triple-digit inflation and a currency meltdown leave the country's largest note worth just around 2 U.S. cents on the black market. The central bank said in a statement Saturday that six new bills ranging from 500 to 20,000 bolivars will begin circulating on Dec. 15 . The issuing of new bills comes as Venezuela is bordering on economic collapse. Venezuela has maintained strict currency controls since 2003 and currently has two legal exchange rates of 10 and 663 bolivars per dollar used for priority imports.
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