Venezuela has taken a step further in the dollarization of the country this March. The president, Nicolás Maduro, has announced the intention to “advance 100% on a digital page system in the country”, in which he points out the recent influenza of the dollar over the Venezuelan economy. The stadium division can be deposited in the national bank. “We are authorized, subject to the supervision of the Superintendence of Bank Deposits, to have access to dollar amounts at all levels,” he said.
The Venezuelan mandate has been notified of the reasons for its visit to the National Assembly, elected in the comic book issues of December last and checked now by the chavismo, on the occasion of the presentation of its Memory and Account, the annual news institutional gesture that Maduro has not had during these years in opposition to the opposition controlling the Poder Legislative.
Maduro’s intention is to completely digitize commercial transactions and standardize the dollar’s influence – present in 70% of the economy – has a country with four years of hyperinflation, a public outcry over corruption and corruption. Bolivar, the national currency, practically does not exist in the paper market and is good for transactions and daily payments are made with points of sale [tarjetas de crédito], bank transfers and alternative mechanisms such as mobile payment.
The use of the dollar is authorized, but its few commons are the tickets of bad denomination, the same as the basic commercial operations before the exchange of money. In this context, Maduro announces that public transport of the country will be canceled with the V-Ticket and V-Pos digital payment systems. The Gobierno has digitized salary assignments, official bonuses and added subsidies from the public administration through the named Carné de la Patria, estimates the use of cryptocurrencies and has created other similar mechanisms to the Bill as well as the Bill.
“Maduro’s Governor has a great deal of interest in minimizing the potential for effective use,” said Leonardo Vera, a lecturer and member of the Venezuelan Academy of Economics. “The main reason is that, in the context of hyperinflation, the mechanics of printing tickets at any rate are very expensive. The life of each ticket is very short, it is a huge guest for the State. “Every dollar is for sale at the moment in a million and a half bolivars. The Venezuelan ticket of the highest denomination is 50,000. The bolívar, the most powerful Latin American currency during the good part of sail XX, hoy no vale nada.
“It hablao de la dolarización de la economía. It is said that the expressions of dollarization of commerce are side by side and there is a válvula of escape, ”afirmó Maduro, with his administration of steps and silences to attract capital, congratulate the private sector and increase its trade Gobierno. In 2017, Maduro, as the director of the Chavista culpable case, will be charged with criminal mischief, and the economic war of the bourgeoisie, as the leaders of the economic economy of the country.
Since the power was taken up, in 2013, the Governor of Maduro has taken care of ticket families who for some time have been completely obsolete, evoked by an uncontrollable increase in prices that he received as part of the journey, and for which he was not announced no economic strategy in particular.
Before the dollar was introduced abruptly in Venezuela, three years ago, the Bolivarians effectively enforced protests against the affected population, particularly in small populations, unable to cover their salaries.
“There is a current trend, accentuated by covid, for many economies of the digital world in their transactions”, Vera affirma, quien afirma que, contrariamente a lo que pueda pense, ya hai un trecho advancado en Venezuela en estos temas al est prionado el Gobierno by necessity.
To the financial assessor Henkel García, director of the Econometric company, Gobierno will meet problems to maximize this digitalisation: “In any case, by resolving the economic problem of the country, much money will be provided by fire. La gente necesita bolívares. People who do not have an intelligent telephone, who do not use the call for help. It is impossible to plant a meta of 100 per cent of the digitization of the pages. Ni Suecia, pais vanguardia en el mundo en estos temas, ha podido hacerlo ”.
“We have a big problem with this objective: the weakness of the Venezuelan technological platforms and the small resources available to help people today,” says Vera. “We can have a future that diversifies a digital media system, but with very unstable platforms,” he concluded.