Today I want to tell you something and give my opinion on a topic that has had a lot of controversy in recent days.
As you know I am Venezuelan and this article makes it a bit easy to explain to all those people who do not know or understand the issue and it is about the new monetary cone or monetary reconversion assigned by the President of Venezuela Nicolas Maduro, this is to change the currency by simplifying or removing five (5) zeros from your existing figure.
Although these zeros are removed, this remains with the same value, that is to say that the amount of two million bolivares fuertes (2,000,000Bsf) will be used to extract the last 5 zeros, as follows: two sovereign bolivars ( 2.0BsS), taking into account the cents and denominated "Sovereign Bolivar" ...
I do not know if they understand me maybe other people do them just as complicated as I was made to understand this, that's why I decided to do it short and not so complex ..
The question is: WHAT IS THE PURPOSE OF THIS RECONVERSION?
As for anyone it is a secret that Venezuela for a certain time is going through a somewhat delicate economic crisis due to its inflation, then according to this monetary change the economy of the same will heal or at least rebalanced by means of the decrease of zeros that is to say establishing a price list of the products of first necessity that agree with the new monetary cone which can be accessible to the salaries of the Venezuelans ...
Well I hope you found it useful ... IF I AM WRONG IN SOMETHING PLEASE YOUR CORRECTION IN THE COMMENTS WOULD BE OF MUCH HELP, also if you have any questions ... Do not forget to like and follow me .. Chauu!