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RE: Financial vs. Formal Dollarization

in Project HOPE6 years ago

Many Venezuelans dream of dollarization, which if the Ecuadorians achieved, as you say it is impossible, the current government needs the bolivar because every day it devalues ​​and thus manages to pay starvation wages, however a lot of foreign currency is used in the street and it is a measure taken by the people themselves to protect themselves from inflation

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 6 years ago 

Indeed, it's de facto dollarization.

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