Hyperinflation has hit so hard that even the street drug trade is collapsing.
The value of the new currency will be pegged to the petro, the state-backed cryptocurrency.
The bolivar has lost 99.9% of its value in two years, but President Nicolas Maduro claims to have just the solution.
"Within the OPEC countries, the biggest risk factor is, and will likely remain, Venezuela."
Venezuela opposition activists are still protesting in Caracas, refusing to leave until President Nicolás Maduro is gone.
At least one woman drowned recently trying to get to Colombia to buy medication, and many others are now locked in a constant and desperate search for supplies.
Security forces fired tear gas to block the way of protesters who want a referendum that could oust President Maduro who they blame for Venezuela’s acute economic crisis that involves chronic shortages of food, medication, electricity, and water.
For Christ's sake Petr, you're ruining it for everybody
Which is a shame for President Robert Mugabe, considering he's relying on tourism to boost the country's economy.