BCV assesses the postponement of the entry into force of the monetary re-conversion



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Caracas .- According to economist José Guerra, the Central Bank of Venezuela (BCV) is evaluating the possibility of postponing again the entry into force of the monetary reconversion, scheduled for August 4 next.

a deputy to the National Assembly, said that the decision would be based on the fact that several printing houses have already sent remittances to the Central Bank of Venezuela, but "they do not Have not sent any bank bills that the issuer institute will defer its request to withdraw three zeros from currency to currency cone it's very complicated but that would mean acting realistically "in the face of the advance of hyperinflation in the country. "

parliamentary, the most serious is the country's lack of information by the government and" everything happens to stop hyperinflation because if we do not stop, it will be inefficient that it be monetary and reco

"There are in fact 8 working days for the execution and the implementation of the monetary reconversion with the new families of banknotes, "he stressed in an int erview on the radio
[19659003] Approach with which the Bloomberg news agency is committed to ensuring that monetary reconversion is postponed again.

In a work published on his website: "Venezuela delays the new pressure of the currency in the midst of hyperinflation," says that the country could delay plans for the introduction of its new currency because banks have not received the The new bills and four-digit inflation increase the need for fresh money, according to people familiar with the problem.

Note that at the end of 2017, the government began to demand more than 4 billion new bills from providers like Basingstoke, De La Rue, UK, and Crane Currency, from Boston, to Massachusetts, according to central bank banking documents and a person with direct knowledge of purchases.

While some bills have begun to arrive in Venezuela, experts say 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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