Venezuelan City Launches Its Own Currency Amid Cash Crunch
The city of Elorza is selling its own bills featuring the image of an independence leader from the area. Venezuela's national currency has lost the vast majority of its value in just the last year.
As Venezuela reels from hyperinflation that has caused a severe shortage of cash, one city is trying to mitigate the problem by printing its own currency.
Elorza, in western Venezuela near the border with Colombia, is selling its own bills featuring the image of an independence leader from the area, according to Reuters.
Venezuela's national currency, the bolivar, has lost the vast majority.
