Stop Venezuela's Economic Death Spiral -- Dollarize, Now |
| August 16, 2017 | August 2017 Bond Updates |
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Venezuela’s bolivar is worthless and its annual inflation rate is the world’s highest: 1195%. Not surprisingly, Venezuelans get rid of bolivars like hot potatoes, replacing them with U.S. dollars. But, the question I am repeatedly asked is, how do you officially dollarize a place like Venezuela? |
| View more at: http://www.forbes.com/sites/stevehanke/2017/08/15/stop-venezuelas-economic-death-spiral-dollarize-now/ |
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