Monetary Reconversion in Venezuela

Money Bolivar
@domiwla (398)
Venezuela
August 18, 2018 3:00am CST
Currently Venezuela is experiencing a strong economic situation, will the monetary reconversion be the solution? What do you think?
2 people like this
3 responses
peavey
@peavey (16936)
• United States
18 Aug 18
I do not know. From what we are hearing here, it will take more than a monetary change to address the problems in Venezuela, but it's hard to find out enough about it.
2 people like this
Domingo Wladimir Montero Colón
@domiwla (398)
• Venezuela
18 Aug 18
One of the changes that comes with the conversion is the following: the minimum wage will have a value of half CryptoPetro, 1 petro has the value of 60 $. The Venezuelan will have an income of minimum salary of 1800 Bs Sovereigns that equals $ 30.
1 person likes this
peavey
@peavey (16936)
• United States
18 Aug 18
@domiwla That sounds like a step in the right direction. What is the average salary right now?
1 person likes this
Domingo Wladimir Montero Colón
@domiwla (398)
• Venezuela
19 Aug 18
@peavey The minimum wage that the whole working class earns is 3,000,000, comparing here 1 $ = 6,000,000 Bs, which means that you live with $ 1/2
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Anna
@LadyDuck (502148)
• Italy
18 Aug 18
I hope this time it will work for you.
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Anna
@LadyDuck (502148)
• Italy
19 Aug 18
@domiwla I really hope that this will work.
Domingo Wladimir Montero Colón
@domiwla (398)
• Venezuela
19 Aug 18
People are very hopeful with this opportunity, and as you say, this time it is expected to be successful with this step.
1 person likes this
Djhoanna li
@Friendlypink (3805)
•
18 Aug 18
I am not sure. I hope they can come up with fair solution.
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