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Detailed explanation-1: -Detailed Solution. The correct answer is Venezuela. A new currency with six fewer zeros was introduced on 1 October 2021 in Venezuela, whose currency has been made nearly worthless by years of the world’s worst inflation.

Detailed explanation-2: -UPSC Mains. Q. Which country has recently introduced its new currency ‘RTGS dollar’? Notes: Zimbabwe has recently introduced its new currency, dubbed as Real Time Gross Settlement (RTGS) dollar, after the Reserve Bank of Zimbabwe (RBZ) announced measures to try and resolve a chronic monetary crisis.

Detailed explanation-3: -The bolívar [boˈli. ̞aɾ] is the official currency of Venezuela. Named after the hero of Latin American independence Simón Bolívar, it was introduced following the monetary reform in 1879, before which the venezolano was circulating.

Detailed explanation-4: -The July 2018 inflation rate in Zimbabwe was officially 4.3% (up from 2.9% in June). In June 2019, the official inflation rate was 97.9%. In 2022, it was reported that the inflation rate quickened to 96.4% in April, from 60.6% in January. Zimbabwe’s government ordered banks to stop lending with immediate effect.

Detailed explanation-5: -Officially, the Venezuelan bolívar is the currency of Venezuela. However, this bolívar has taken many forms over the years from the original bolívar, to the hard bolívar in the 2000s, to the bolívar Soberano (“sovereign bolívar”) and now the digital bolívar which was introduced on 1 October 2021.