In five days the Venezuelan government will be implementing the long awaited(??) currency overhaul that was initially supposed to cut 3 zeros out of the currency, so 1.000.000 became 1.000 but since the announcement of the conversion the inflation rose a bit over 2000% they seem to have realized that if they only removed 3 zeros the new bills would have been worthless by the time they came, so they postponed it by 2 months and now its finally coming on August 20th with a reduction of five zeros to the currency, so 5 days for 5 zeros!
That means that if you have in your account 1.000.000 after the 20th you will have 10 VEF, if you have 10.000.000 you will have 100 and do on, basically divide your number by 100.000 and that's what you have now of course all the prices of products and services get adjusted too and some people actually believe this makes inflation disappear but it won't, it's just bad make up and if the issue of hyper inflation it's not attacked at its core, it will be back to the millions in no time at all.
The joke of this new currency tells itself and the government says everything will change because this time the currency will be backed by Petro but Petro is backed by nothing so it's basically the same thing, more empty words to deceive the population while they scrap the barrel of what's left in the country.