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SHOPPERS IN VENEZUELA needed a stack of 9.5 million bolivar fuertes--equal to just $1.45 U.S.--to buy one kilogram (about 2.2 pounds) of steak earlier this year. In summer 2018, the socialist-run country was experiencing an inflation rate of nearly 100,000 percent, leading President Nicolas Maduro to introduce a new currency: the bolivar soberano. (Each new bill is worth 1,000 fuertes.) Maduro...

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