Tuesday, December 12, 2017

Understanding the Cash Shortage Problem in Venezuela


There is currently a climate of anxiety in the country about the complications to acquire cash. Given the economic measures announced in recent months by the national executive regarding the monetary cone (money belonging to the same currency), 5,000; 10,000; 20,000 and 100,000 Bolivares Fuertes (VEF) banknotes were added, freely circulating in the national territory. In a matter of months, the largest denomination banknote was reached exponentially, by the implicit dollar, reaching an increase of 40% in just five days, according to the DolarToday website. More…

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