Geopolitics

Venezuela Could Make Historic Dollar Switch as 'Money Doctor' Sees 80% Odds - finance.biggo.com

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DW NOTE

Steve Hanke has spent decades prescribing dollarisation to broken currencies — Ecuador took it in 2000, Zimbabwe in 2009. Venezuela would be the biggest yet. An 80% probability means he sees the bolivar as functionally finished and Maduro's regime calculating that formal surrender beats hyperinflation's endgame. The question is whether anyone still holding bolivars gets a conversion rate or just a loss.

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Venezuela Could Make Historic Dollar Switch as 'Money Doctor' Sees 80% Odds - finance.biggo.com

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