The Venezuelan bolivar is so worthless people have started to trade with meat.

The Venezuelan bolivar has become near-worthless, following a severe economic downturn.

Excluding one-time items such as the devaluation of the Venezuelan bolivar, profit was 71 million euros.

Changes in exchange rates for the Venezuelan bolivar and inflation-driven price increases in Venezuela cut revenue by $217 million.

In Latin America, its biggest market by far, Colgate continued to be hurt by the impact of February's devaluation of the Venezuelan bolivar.

The company said it plans to record a first-quarter charge of about $125 million related to the devaluation of the Venezuelan bolivar.

Herbalife forecast profit for the current first quarter of $1.24-$1.28 per share, saying that the weak Venezuelan bolivar has hurt earnings.

The BBC's Vladimir Hernandez explains how the Venezuelan Bolivar notes have become almost worthless.

Those assets' value is currently based on an exchange rate of 12 Venezuelan bolivars per U.S. dollar.

Venezuelan traders owe the free trade zone about $1.2 billion because of difficulties exchanging the Venezuelan bolivar for dollars.

The value of DirecTV's $1.1 billion in Venezuelan assets is currently based on an exchange rate of 12 Venezuelan bolivars per U.S. dollar.