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Venezuela announces Digital Bolivar in October

Moscow (Sputnik)-Central Bank of Venezuela said Thursday that its digital currency would circulate on October 1.

“From October 1, 2021, digital bolivars will be enabled by applying a currency scale that removes six zeros from the national currency. In other words, all amounts expressed in the national currency are one million. Will be divided by, “the central bank said in a statement.

According to banks, Digital Bolivar does not affect national currency rates or the issuance of non-digital banknotes.

Digital currencies support Venezuela’s digital economy and become a necessary historic landmark when the country begins its path to economic recovery after the crisis caused by a brutal attack on the economy and its currency. Is expected as a criminal introduction [US] Economic and financial blockade. “



https://sputniknews.com/latam/202108051083535985-venezuela-to-introduce-digital-bolivar-in-october/ Venezuela announces Digital Bolivar in October

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