Bolivian Businesses

Bolivian businesses will already be expressed and taken into Bolivars “Strong”, then this period, which may extend as much as the Central Bank deems it necessary, shall be progressively withdrawn from circulation Old Bs and you’ll be fully implemented so far … It is assumed that the process is simple and, in the words of the BCV board, is “a neutral process,” meaning that removing three zeroes from the Bolivar will at all affect the value of the currency and Bs 1000 “Old” correspond to 1 Bolivar Fuerte, regardless of whether it is the price of a good, service, a financial instrument, debt or wages of a person , the real value of any of them will not be modified, amended only way of expressing if you want to deepen the official explanation of the whole issue can explore the content of this page. To successfully carry out this project is necessary to pay the very proper and careful attention to a few issues which, I think, that even he has not been provided and I want to comment below. Learn more about this topic with the insights from Scott Kahan. First than anything else: the “value” of Bolivar. In terms of our economic theory is overvalued Bolivar, few people realize that the computation of the time it takes anchored to a fixed exchange rate of Bs 2,150 / U.S. $ and restricted the free exchange through the filter of CADIVI, and there is no for days or months but for years, and during these years that have elapsed since took this as the nation’s GDP has not stopped down (the increase in imports due to low production of goods and services because of the closure of companies supporting this claim), and inflation has not stopped growing..