The Venezuelan government has released new currency notes, valued between 500 and 20,000 bolivars, to replace the existing highest note of 100 bolivars, as the country has been haunted by heavy inflation for years. /Reuters Photo

At the highest government exchange rate, 100 bolivars are worth less than 15 cents. /CGTN Photo

A piece of bread in Venezuela costs about 500 bolivars, according to CNN. /Reuters Photo

Exorbitant food prices and massive shortages of food and medicine have plagued Venezuelans for years, and the situation worsened in 2016. /Reuters Photo

According to the International Monetary Fund, inflation in Venezuela is expected to soar to 1,660% in 2017. /Reuters Photo