The commune of El Panal is issuing tomorrow banknotes in its own currency, called “panal” equal to 5,000 bolívares. At the beginning it is circulating in the “23 de enero” neighborhood in Caracas and can be used for the purchase of food, especially rice, which the commune produces.

Sources Canal1.com Reuters.com

Courtesy Dr. Wolgang Schuster.

©2017 Monetary Research Institute.

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