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Nicolás Maduro had fixed the conversion in early June, then August 4 and the day before he said the measure would be implemented on August 20. In addition, he informed that five zeros will be eliminated from the bolivar and not the three that were to be erased at the origin.
"The criminal war took the currency cone – set of coins – from Venezuela, took the Venezuelan ticket, but The Mafias finished, we burned the bill in their hands," said Maduro in his tone usual triumphalist.
Although the president insists that the "sovereign bolivar" will come into force on August 20, some badysts predict that the process could be renewed again as the deadline for distributing new notes across the country and prepare the banks and the population is too short.
"It's crazy, because three weeks before the start of reconversion did not teach people how to remove five zeros from the room, and where are the tickets ?, and how do we pay?", said Laura Perez, a 55-year-old housewife, while walking through a small street market Cheap food
"What they do is remove the zeros, but everything continues the same ", said Asdrúbal González, a 66-year-old butcher, acknowledging that he does not believe the announced measures will stop the vertiginous progress of prices that keep millions of Venezuelans tempted to survive on a minimum wage of less than two dollars a month in the middle of the worst crisis in decades.
"The situation is serious, if we think about the price to get gas," said Miguel Guerrero, a 62-year-old taxi driver from a wealthy neighborhood in East Caracas. "The bolivar will definitely die as a Liberator [Simón Bolívar] 200 years ago."
One liter of superior quality naphtha in Venezuela is worth six thousandths of a bolivar.
The economy of the oil country crosses its fifth According to a study by the International Monetary Fund (IMF), the first year of recession and the first hyperinflation in its history were estimated this week that the rise could lead to inflation of 1,000,000% by the end of the year. The country's high inflation makes it almost impossible to obtain money.
"It will be worse, how are we going to pay for transportation [público]?" Griselda Osorio, a 55-year-old nurse, has asked in a popular Maracaibo market, which is experiencing a crisis of power outages and shortage of water service.
Critics and opponents said that the elimination of zeros does not attack the main problem of the dizzying price growth and recalled that in 2008 there was a reconversion that took away three zeros of the currency
The economic crisis keeps 87% of the population in poverty and makes nine out of 10 Venezuelans unable to pay for their daily food, revealed a survey conducted last year by the three main [19659008DuringaspeechatthepresidentialpalaceEconomicVicePresidentTareckElAissamisaidthegovernmentwouldsendtheNationalConstituentAssemblytopowerandabilltoreformthelawonillegalactsofforeignexchangethatwillopenthepossibilityofinvestmentsinforeigncurrencyandfacilitatetherepatriationoftheircapitalinvariouscurrenciesforinvestors
AP and Reuters Agencies
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