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Postponing the entry into force of the monetary reconversion scheduled for August 4 is, according to the deputy José Guerra, a possibility that evaluates the Central Bank of Venezuela. The idea would be to eliminate two or three extra zeros from the currency
. For Guerra, this is an indicator that the currency conversion can not begin at this date, the fact that several print houses would have sent rebates to the BCV banknote. "The lack of information of the population is very serious."
The parliamentarian believes that they have not sent the new families of banknotes to remove two or three other zeros from the currency. "It's very complicated but it would mean acting realistically before the advance of hyperinflation in the country," the MP said in statements to Union Radio.
All is going to stop hyperinflation, otherwise the new monetary cone will be ineffective Guerra insured. "There are 8 working days left for the implementation and implementation of the currency conversion with the new families of banknotes."
According to the Bloomberg news agency, quoted by El Universal, the monetary reconversion will be postponed again.
a book published on its website: "Venezuela delays the pressure of the new currency in the midst of hyperinflation," says that the country could delay plans to introduce its new currency because the Banks have not received the new invoices and Blomberg notes that at the end of 2017, the government started asking for more than 4 billion new bills from providers such as Basingstoke, De La Rue, the Kingdom United, and Crane Currency, of Boston, Massachusetts, according to central bank documents and a person with direct knowledge of purchases.
Yes According to experts, banks need 20 to 30 days to integrate them into their systems. De La Rue declined to comment while Crane Currency's request for comment was not returned immediately, says the agency's rating.
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