In Venezuela, the reign of the dollar
Audio 7:30 p.m.
By: Benjamin Delille Follow
In Venezuela, the dollar is becoming the national currency by default. With hyperinflation, which was around 9,500% in 2019 according to the Venezuelan Central Bank, residents who can do so are turning away from the bolivar and are increasingly using foreign currencies, especially the US dollar.
Publicity
In parallel with a free-falling Venezuelan economy, an informal, dollarized economy is developing, which offers the wealthy an illusion of prosperity after months of shortages and deprivation. For the poorest, who do not have access to the green ticket, nothing works out.
"In Venezuela, the reign of the dollar", it is a great report signed Benjamin Delille.
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