The de facto dollarization is unstoppable, but the BCV won’t disappear and Venezuela will continue to use bolivars for certain things. Several countries in the region have taken that path.
Venezuela surpassed fifty percent in monthly inflation rates in 2017 and it has gone over that number many times since. But for the last seven months the monthly price increase has been lower. If it continues this way, it could declare itself hyperinflation free in January 2022. Will it do it with elections coming up?
Carlos Fernández Gallardo, the new president of Venezuela’s federation of business chambers, explains how the approach to the government was brokered and insists that the private sector can solve many of the population’s most urgent problems
The almost extinct bolívar is about to experience its third metamorphosis in 13 years. It's unavoidable but most likely useless
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