Central banks of a sovereign nation don't have reserves. That's a 'gold standard' mentality. The value of a nation's currency is determined by how difficult it

Central banks of a sovereign nation don't have reserves. That's a 'gold standard' mentality. The value of a nation's currency is determined by how difficult it is to get vs how much you need to get it. And that is determined by the nation's spending and taxing policies - including the ability to enforce that taxation by force if necessary. The Bolivar needs to fully float on the international markets like the Egyptian Pound. And then the government needs to start taxing people in Bolivars while not issuing as many by spending. It doesn't matter than nobody wants to hold Bolivars. It matters that they need to get them to stay out of jail.