Bolivian Central Bank

As there are questions to be answered, once and respond to this: Not much … As was announced several months, the "conversion" of our national monetary unit, the Bolivar, is underway. The Central Bank of Venezuela (BCV) has already initiated the necessary campaign to explain that it is, what are its scope and what their goals … The measure in itself it is quite unfair, as we explained in the BCV, is simply to make our currency more manageable in terms of accounting and administrative systems, to lower production costs and replacement of paper money, balance the amount of change Bs / US $ to levels similar to those of other countries in the area (note, this balance or similarity is only formal, in terms of "numbers" that the rate of change is expressed, not the value of the currency ), and making the Venezuelan economy to international standards in terms of possession of cash from citizens in a given time and all this will be achieved removing three zeros from our currency. At this early stage, as I say, has begun the process of information, the second step, from October this year, requires that all prices of goods and services must be expressed in both notation systems for people become accustomed to the new sign, from 1st. January 2008 into circulation the new notes and coins but, for a period not less than six months old and continue to circulate may be used as payment of legal movement even though by law and all prices, tariffs, accounting systems , etc.