July 25, 2024

Inflation has accelerated the disappearance of ATMs in Venezuela

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The Secretary-General of the Federation of Bank Workers and Allied Workers (Fetrabanca), Claudio Rivas, explained that In December 2019, they registered 7,512 ATMs in the country, but a year later there were 5,762 ATMs left, which is a 23% decrease. “This number is down due to high inflation, an issue De facto dollarization And to maintain these ATMs that need foreign currency to be able to change them or to be able to bring in the parts that you need to adapt or maintain.” By Vernon Shorts. Full Text ->TheDailyGuardian

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