Tag: Dollarization

Dollar surpasses 600 bolivars, deepening the erosion of venezuelan families’ purchasing power

Tatiana Da GamaLeave a Comment on Dollar surpasses 600 bolivars, deepening the erosion of venezuelan families’ purchasing power

The Venezuelan currency has lost half of its value against the U.S. dollar so far in 2026, while cumulative inflation has climbed above 100% and wages remain frozen. By Neirlay Andrade Venezuela’s official exchange rate crossed the 600-bolivar threshold on Thursday, marking a milestone that threatens to accelerate the erosion of purchasing power for millions […]

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The two sides of the coin: Pros and Cons of dollarization in Venezuela

Tatiana Da GamaLeave a Comment on The two sides of the coin: Pros and Cons of dollarization in Venezuela

The debate over formal dollarization in Venezuela continues to divide public opinion as the country struggles with exchange-rate instability and the constant erosion of purchasing power. Economist Manuel Sutherland examines the issue critically, weighing the benefits and costs of abandoning the national currency. Neirlay Andrade The grassroots demand: Why do labor unions want the dollar? […]

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