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​"From Prosperity to Poverty: The Tragedy of Venezuela's Bolivar"

​"From Prosperity to Poverty: The Tragedy of Venezuela's Bolivar"

Posted by Shane Jennings on Jan 28th 2023

"From Prosperity to Poverty: The Tragedy of Venezuela's Bolivar"Chapter 1Introduction: Understanding Venezuela's economic history and the rise of the BolivarVenezuela, a country rich in natural resources and located in the heart of South America, has had a tumultuous economic history. From the early …
Venezuela- Current monetary cone will coexist with new banknotes from October 1

Venezuela- Current monetary cone will coexist with new banknotes from October 1

Posted by Venezuela Central Bank (BCV) on Sep 2nd 2021

The Central bank of Venezuela (BCV) announced this Thursday the third monetary reconversion in the era of Chavismo that will take effect on October 1 and will eliminate six zeros from the current sovereign bolivar, which will be called the digital bolivar.“As of October 1, 2021, the digital bo …