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RE: Chronicle of a death foretold of the old Venezuelan banknotes

in Project HOPE3 years ago

Hello @joseph1956, What you comment on Maracaibo is not different from what happens in Puerto La Cruz and Barcelona, the current currency in circulation has been devalued firstly by the local economy, when the markets do not accept tickets of a certain denomination, when the bus drivers they refuse to receive certain tickets for the payment of the passage, and thus the situation is spreading.

Sometimes I think that no matter how many reconversions or redenominations the "Bolívar" undergoes, the phenomenon of inflation in parallel with the currency deal, they are running together and they are happening from the depths of our local economy, because this is the one that sets the trend all the way to the extreme and we all pay for these consequences.

And as Venezuelans we already know how this new monetary reconversion will end.

Thanks for this post.

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