This October 1st, the third monetary re-conversion promoted by the Chavista regime in the last 13 years came into effect, with a total of 14 zeros eliminated from the bolivar.
With the so-called Bolívar Digital, 6 zeros were removed from the last currency, as a result of the hyperinflation suffered by Venezuelans. Uncertainty, nervousness and anger reigned in Zulia State after this new economic measure was imposed.
“My money is not enough for anything, I make a purchase and everything goes away without being able to acquire all the necessary things,” said Esther Castañeda, a resident of Zulia State.
Likewise, they denounce that merchants are not receiving payments at the point of sale, only payments in dollars in cash and they do not want to accept the banknotes (of the now defunct) “sovereign bolivars” (Bolívar Soberano, BsS).
In addition, “Zulianos” assert that with the monetary reconversion, food prices shot up, increasing the poverty and misfortune that the Nicolás Maduro regime has brought to all Venezuelans.