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Venezuela Is Returning to the Bolívar? That’s How the Pulse with the Dollar Is in Daily Use
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The Venezuelan Observatory of Finance (OVF), an independent entity composed of experts and that is on the margins of the Central Bank, estimates that in April 53% of all transactions in Venezuela were carried out in bolívars, while 47% were made in foreign currency. Therefore, "you can't talk about a re-bolivization of transactions," academic José Guerra, an analyst at the OVF told Bloomberg Line. "There is no new remonetization of the economy i…
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