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RE: Venezuelan Banking System Dollarization Process

in Project HOPE3 years ago

Dollars may be the textbook example of fiat coins, but they are also a necessity if they can bring stability and interoperability in a transaction system affected by catastrophic inflation. First make the system usable, then improve it. There's no point in trying to disrupt a broken system as no one could use it anyway.

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 3 years ago  

Great reflection!
Are you Venezuelan?
You have an idea quite close to the reality of the Venezuelan economy.

Venezuela's economic and financial system is so corrupt that it would not matter which currency is adopted, the conditions will always be the same and even worse as the clock is ticking.