Bolivia Voids Banknotes After Plane Crash, Confusing Businesses, Shoppers - Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Yudhister A man takes notes from an official information panel on which banknotes are valid and which are not, outside the Bolivian Central Bank in La Paz on March 3. Businesses are unsure what notes to accept, leaving customers panicked that their real money is now worthless. Translate Listen 5:18 When Milton Friedman pondered what would happen if a helicopter dropped $1,000 from the sky, he likely never imagined that one day a military cargo plane would scatter millions of dollars into one of Bolivia’s largest cities. But while the Nobel Prize-winning economist worried about the inflation that an influx of cash could generate, the impact in El Alto — where a cash-packed plane crashed and killed 24 people last week while spr

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Yudhister A man takes notes from an official information panel on which banknotes are valid and which are not, outside the Bolivian Central Bank in La Paz on March 3. Businesses are unsure what notes to accept, leaving customers panicked that their real money is now worthless. Translate Listen 5:18 When Milton Friedman pondered what