"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’s New Digital Bolivar Isn’t Digital, and It Won’t Solve the Country’s Economic Crisis In view of the hyperinflation in the Latin American country, the government decided to remove six zeros from the currency and issue a new bolivar. For a third time.The Venezuelan government launched a di …

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 …