The Venezuelan economy is in the throes of an informal dolarization and effective assessment. The Governor of Nicolás Maduro announced the celebration of the issue of a new monetary currency with the incorporation of three new tickets of 200,000, 500,000 and 1 million bolivars. For the first time in Venezuela you have high denominations. The announcement of the correspondence with the Central Bank of Venezuela, which published a tuit con la imagen de los tres nuevos billetes, with an exact design equal to the other and the existing ones, differentiated only by color and denomination.
In the course of 2018, Venezuela restored a restorative monetary and quitó cinco ceros al bolívar. Enttonces el billete de burgemeester denominación era el de 500 bolívares soberanos, lykstaande aan ‘nos nueve dólares. Now, the mayoral nomination ticket, one million bolivars representing 50 cents a dollar, a month in the United States. The hyperinflation that has fueled the Venezuelan economy since 2017 has made these three tickets worth buying a pound of corn. Juntos tampoco includes a dollar. Busy media, without embarrassment, resolves the lack of Bolivar tickets, necessary to make basic transactions such as travel by public transport. It is a temporary palliative care to post a new conversion that implies a new devaluation.
The daily finances of the Venezuelans, at the height of two years of the ultimate conversion, vuelven complicated by the imposing amounts of leather. The registrars of the shops do not have the capacity to process such ceremonies, because recently it has become commonplace to pay a market for one product for a week, which can sell more than 100 million bolivars, in various operations. Obtain the necessary cash to pay for the transfer from the cash register to the work desk and to the bank of the days, subject to the restrictions applicable to the ticketing.
The banks carry a maximum of 400 miles of tableware and electronic boxes, in its majority, there is a service in the country. The ones that operate with much less tickets.
The cost of the case assessment is reduced by the fact that the dollar is subject to an informal dollarization which also has problems in the diary transactions, as well as the failure rate in this month for the sake of profit. However, the phenomenon of the collection of physical bolivars is not maintained by the amount of money given in response to the government of Maduro injecting into the economy to cover the public guest and the payment of bonuses to public workers and pensioners; a form of compensation for the minimum wage, which is at the expense of a monthly dollar. It is the result of an economy that has completely reduced the number of thirds in its years, and has reduced its prices over the course of petroleum production and international sanctions that have prevented the commercialization of the crude oil that produces the country. Of all the 100 bolivars circulating in the Venezuelan financial system, only 1.9 are effective and the remainder are in the form of electronic deposits and transfers, following the analysis of the Econometric firm.
The amplification of the monetary cone is even less than the second step in the path that Maduro traversed on weekdays when announcing its intentions to implement a digital economy in response to the hyperinflation of Bolivar. “We will advance the opening of the accounts that allow us to regularize, fortify and dynamize our currency”, said in January, when reconnaissance that the dollarization has been converted into a “flight valve”. The leader Chavista also recently announced the incorporation of electronic payment points in transport, practically the only service that pays with tickets, as well as the tariffs of the congeladas services during the years of checks.
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