A country's economy is always advancing, and amid so many bumps and obstacles within the system itself, the option or strategy will always point toward balance and well-being for all inhabitants. Unfortunately, today many people live in a reality that is far removed from a balanced and fair concept, especially when certain measures have led nowhere and have only maximized the chaos and despair of many people.
It is no secret what many Venezuelans are experiencing today with regard to the economy. For a long time now, the official currency (the bolivar) has lost strength and value to such an extent that a monetary transition could be considered, whereby another currency (in this case, the dollar) could provide the solution and confidence that many need to continue with their businesses or undertake new projects without fear. Could this be the definitive solution?
A few years ago, many people claimed that with the arrival of the dollar, things would change radically, and indeed they did, but not in the way many had hoped. There was no stability and a lot of uncertainty, and although not legally, the reality was that at one point in this situation we had three versions of the value of the dollar, which made business and finance a real adventure in something where what you most hope for is peace of mind and security.
Since I am not very knowledgeable on the subject, I sometimes just listened without commenting at all. I remember on one occasion, as part of a survey, they asked the question: Can the dollar fix the country's economic situation? That led me to think and reflect that perhaps the problem was not with the currency but with the system, but that was something that simply remained a personal reflection. Later, time itself showed me that this reasoning was not entirely unreasonable, as the reality was very similar to what I had thought for a moment.
Today, many people are waiting to get a clearer picture of the country's economy. Many ideas and hypotheses are being put forward, and while some are moving forward with extreme care and caution, others have decided to wait until they see something clearer that can give them peace of mind and confidence. We return to the idea at the beginning, and while we know that the economy never stops, there will always be reasons to think and work on the best way to move forward.
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Translator: DeepL
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This is an unusual situation where many economic factors are at play, but the most damaging are the government's poor economic policies. It's disastrous, my friend. I hope this country can recover soon.
Excellent reflection, my friend. We Venezuelans truly have a very weak economy. A dollar with three alternative exchange rates is madness. I hope everything improves soon. Greetings.
Maybe power of printed money in every country is getting a hit this time. We can say that human production on earth is fast enough to make economy unstable. Should start family planning i think
I'm sure many of you are already working on advance planning to manage these irregular and unpredictable times 👍
Hopefully they are doing this thing in our country. Not just always on socials and no action taken