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RE: Six zeros will be eliminated from the Bolivar.

in Project HOPE4 years ago

Hi @carlir

In relation to this subject, I understand some basic technical, economic and political considerations. Can you imagine that in the face of the galloping inflation in Venezuela the first two monetary reconversions would not have been carried out, in that case how would the expression in zeros be to define a denomination in bolivars, I consider that the monetary reconversion is necessary, and more so if there are external factors that the Venezuelan state does not control. It is very true what you say, Venezuela should take the path of El Salvador and definitely migrate to Blockchain technology and accept Bitcoin as legal tender.

Best regards, be well.

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Greetings friend @lupafilotaxia, your comment is very accurate because cryptocurrencies are the way of salvation that any country submerged in a destroyed economy product of decisions outside the people who run the country in question, but these people are the ones who must seek mechanisms to address that situation.

Thank you for your comment.