4 ms·

A dollar still has inflation. Counterfeits are an issue though there are well known mitigation approaches. Honestly it’s not that different from a dollar, it’s

• gus_massa 8y ago
  The inflation rate in Venezuela is more than 200% monthly. (!!!) That makes it very difficult to deal with the money and essentially worthless for anyone outside Venezuela. Using dollars that has only an inflation rate of 1-2% annually would be a huge difference. You are underestimating counterfeits. Here in Argentina we had 20 years ago some "barter clubs", it was like a local market but people use a fake internal money instead of the national money. It was like a local/neighborhood money backed by thin air. It worked for some time, until some of them were popular enough to get counterfeits attacks.