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Venezuela’s New Digital Bolivar Isn’t Digital, and It Won’t Solve the Country’s Economic Crisis — CoinDesk

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For smaller retailers, who work in {dollars}, the solely factor that issues is the U.S. foreign money. “For us, the bolivar is practically irrelevant. We pay suppliers in dollars, all prices are dollarized. The only payments in bolivars are basic services, such as water, electricity and telephony,” Ernesto mentioned.

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