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In Maracaibo, the bills of Bs. 500 and Bs 1,000 are destroyed even in front of the buyer. They are not received by parking attendants or traffic drivers, and they do not accept them as charities. Those who get this denomination for commercial transactions or ATMs know that they do not have much leeway.
Purchases have become the biggest problem for Venezuelans, and there are already threats to eliminate the use of banknotes. of two thousand bolivars, but the rejection of low-value notes is nothing more than a consequence.
The operators of this "extinction" are, basically, cash sellers, who in the unprecedented operation of selling paper money. up to 400% national, they must get rid of bills that make a lot of volume to allow their transfer and exchange more comfortably.
In public transportation and in the small commercial area, the most common is to hear: "I can not accept them, because I can not buy anything with that."
At the market of Las Pulgas, the largest in the capital Zulia, a merchant told PANORAMA: If I accept a ticket five hundred or two thousand, no one else wants them and what can I do with them? I can not sell them, nobody receives them. "
For cash sellers, low denomination specimens represent a problem, but the influence of these groups in a technically unadorned city is of such a weight, that it is not. they put the conditions, the value of each paper, and even its validity.This illegal activity is, paradoxically, "common currency" to Zulia and Maicao.
The need for money is the driving force of this crime. the banks do not cover the demand, the ordinary citizen is obliged to look for it.The so-called "bachaqueros" have migrated their murderous power to the benefit of money and until today, they The recent seizures by the regional authorities and the decrees promulgated on the illegality of this practice still have a long way to go, namely that there is no from another mutation that continues to hit the weakest in the chain, the citizen.It is a complete system ique for traders, because of the number of tickets we need to make a purchase, it is too bulky. Tell me, that a pack of a million bolivars in small denominations is a suitcase, how are you doing like that in the street? Says Ángela León, a fast food merchant in the peripheral market
. the traders consulted in the center of Maracaibo are that products of Colombian origin can not be bought by low-value banknotes because border markets only accept invoices of 20,000 bolivars and more .
Consulted on this situation, the deputy and economist José Guerra warned that Venezuela "is the only country with a history where the population itself rejected a low denomination ticket to the point of forcibly withdrawing it before the 39, announcement by the competent entities. "
The new cash market so that the citizen who was able to produce more shortages because they hold money waiting for increases in value percentages and price of products.
Therefore, a product can have up to three prices depending on the method of payment. If you pay in cash, the price of the item will be lower, but if the payment is per point, the price sometimes exceeds more than 50% of the average value.
"The rejection of low-value banknotes is explained by the loss of their purchasing power, due to the hyperinflation that the country is going through, so that the phenomenon does not occur, Need higher cuts in the currency cone, depending on the reality of the country, as well as economic measures that help slow down hyperinflation, "said the chairman of the Finance Committee.
If the problem is not corrected, it could have long-term effects on the economic system. "There are companies that need cash, no money, they can not shop or order big business, so it would affect the business sector that is dedicated to them, it would hurt traders," added Guerra .
In your opinion, the reality will not improve because no action has been taken
Source: Panorama
EA
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