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RE: A cheaper dollar, a respite for Latin American economies?

in Project HOPE3 years ago

Hi @josevas217 Very accurate your publication, I am in Venezuela that we come from years of hyperinflation, with a dollarized economy at least in practice, all products now do not increase in bolivars, increase in dollars, which makes you must generate the same way more dollars not bolivars, fluctuations in the price of the dollar in relation to the bolivar is another aspect that affects the domestic economy, the central bank sets a price and the stores another, always with the fear that it will skyrocket or devalue, successful.