Hyperinflation in Venezuela: banks began issuing debit cards for dollar accounts

Some banks in Venezuela began to deliver debit cards to those who maintain accounts in dollars in the country with permission from financial authorities, a measure that attempts to facilitate routine electronic payments without reaching a formal dollarizationfour sources from the financial sector told .. For more than a year several local banks they save dollars in cash from corporate clients in their vaults, under the flexibility of the controls that were applied for almost two decades. The institutions also seek to provide services in a nation where hyperinflation increases payments with foreign currency bills. Full Text -> Explica

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