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KM Financial Solutions | Venezuelan banks shrivel as inflation roars and credit dries up
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Venezuelan banks shrivel as inflation roars and credit dries up

23 Apr Venezuelan banks shrivel as inflation roars and credit dries up

Posted at 12:00h in News by
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CARACAS, April 24 (Reuters) – Venezuela’s hyperinflation has
turned the struggling OPEC nation’s once-powerful banks into
warehouses of useless cash that are worth a total of only $40
million, according to a Reuters analysis of regulatory data.

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