Sacking with suitcases money due to hyperinflation: village comes with its own currency
elorza March 19, 2018 13:27The Venezuelan town of Elorza starts Monday with a market festival, but there is no serious money in circulation anymore. The Venezuelan currency bolívar suffers from hyperinflation, which means that residents with suitcases would have to carry Venezuelan money. The municipality has therefore issued its own currency. It is named after the place and after the nineteenth-century freedom fighter Colonel José Andrés Elorza.