The National Treasury chief said there’s no room on the bill to illustrate its actual value, but the portrait of Marx is “more important than the Yankee imperialist concept of worth.”
President Nicolas Maduro ordered the production of the new Karl Marx bills despite being unable to say exactly how much a “less than zero bolivar” is worth. The official exchange rate is currently 49,478 bolivars per U.S. dollar.
The Treasury is selling the currency at an 8 percent commission, which can be purchased by each person according to his ability using a debit card or bank transfer. National banks then distribute real bolivars to each according to his needs.