US economist Steve Hanke has drafted a bill to dollarize Venezuela and close its central bank. The plan has no government backing or timetable yet.
Venezuela · ECONOMY
Key Facts
—What happened Economist Steve Hanke drafted a Venezuela dollarization bill with deputy Antonio Ecarri, reported 20 August 2026.
—How big The bill would replace the bolívar with the US dollar and abolish the central bank’s monetary powers.
—The catch This is a draft from outside government, with no official adoption or timetable from Caracas.
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