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You conveniently miss the part where people are losing money and savings because they cannot exchange the bank notes they had at home before the deadline ends.
by rafaelm 10y ago
You conveniently miss the part where people are losing money and savings because they cannot exchange the bank notes they had at home before the deadline ends. 30% percent of the population here does not have access to a bank account and cannot deposit the bills.
Are the people living in the most remote parts of the country supposed to make the journey to Caracas to the Central Bank to deposit their money? What are they going to pay the bus ticket with? The worthless paper they are now holding? Are they supposed to travel with a bag full of cash in one of the most dangerous countries in the world?
If you live here in Venezuela you know most workers get paid on Fridays in cash. Now , most are left holding a bunch of worthless paper just because Maduro decided to play improvisation with the economy once again. Those workers now have no money to pay for food till monday.
Why did the government lie and say that the new bills would be in every bank on the 15th? Turns out they just arrived yesterday! The new bills weren't even in the country. Just a small sampling of their incompetence.