More Than Half of Venezuelans Back Dollarization to Curb 600% Inflation
Updated
Updated · Bloomberg · May 28
More Than Half of Venezuelans Back Dollarization to Curb 600% Inflation
3 articles · Updated · Bloomberg · May 28
More than half of Venezuelans support dollarizing the economy, signaling broad public backing for replacing or sidelining the bolivar.
The support is driven by inflation running at about 600%, among the fastest rates in the world and a key pressure point for households.
The poll result underscores how deeply price instability has eroded confidence in Venezuela’s local currency and strengthened demand for a harder monetary anchor.
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