RE: Six zeros will be eliminated from the Bolivar.

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Six zeros will be eliminated from the Bolivar.

in hive-175254 •  4 years ago 

greetings friend @carlir, it is impressive how Venezuela every day has gone a little further to the bottom, all strategies that can be done to try to improve the economy or at least financial transactions, are welcomed by the business sector and the public in general.

but my big doubt is, doesn't hyperinflation increase even more with a monetary reconversion? i say this because i understand that with a reconversion, the current bills go out of circulation and therefore a new monetary cone must be printed, an action that leads to evaluate all reserves and all economic collateral that supports the amount of bills printed, at least that is what can be observed in the fundamental principles of economics.

thanks for sharing this excellent article with us my friend.

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