These new digital Bolivars as they are called will be of the same value as their current Monopoly paper money so won't be competing with it. This new SMS based currency will be easier for the government to track and monitor, especially in regards to the mass tax evasion that exists in the Latin Socialist paradise.
They're also issuing new paper currency for those who may prefer such primitive manners of commerce but minus six zeroes off the end.
Inflation cured!
They're also issuing new paper currency for those who may prefer such primitive manners of commerce but minus six zeroes off the end.
Inflation cured!
Venezuela launches digital currency and removes six zeroes off its currency
Venezuela has become the latest country to adopt a digital currency. The new Digital Bolivar is available as paper money but can also be used over SMS to facilitate payments for goods and services.
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