A 5 pound chicken costs 14,600,000 bolivars in Venezuela. How do you solve this problem of needing such huge amount of cash, can you solve it by just making a new currency with less zeros?

Question

[the original reddit post](https://www.reddit.com/r/interestingasfuck/comments/jyouap/14600000_bolivars_the_amount_of_money_you_need_to/?utm_medium=android_app&utm_source=share)

In: Economics

Answer 1

During periods of hyperinflation, trade in the inflating currency often decreases in favor of a informal adoption of a more stable foreign currency such as the US Dollar.