Monetary
Restructuring in
Venezuela
The Venezuelan economy
has as of Monday a
double expression in
prices to familiarize
people with the monetary
restructuring process to
eliminate three zeros to
the bolivar.
According to sources
from the Venezuelan
Central Bank (BCV), that
step aims to join the
system of
commercialization to the
price of goods and
services and a strong
bolivar.
The new scale, in force
as of January 2008 with
the elimination of three
zeros from the current
currency, will be only
applied to prices
through advertising
mechanisms.
It does not have to show
amounts in the two
currencies on the bills,
statements of accounts,
payment receipts, credit
notes and proofs by cash
dispensers.
The monetary
restructuring will favor
countable operations and
reduce figures, united
to the positive
psychological impact in
the strategy to curb an
upturn in inflation. |
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