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There’s now a group of Venezuelan banking institutions that have been providing debit cards to customers who maintain accounts in “hard currency” like the US dollar and other more stable currencies. Meanwhile, Venezuela’s Bolivar has become practically worthless due to record levels of hyperinflation caused by rampant corruption among other issues like the crippling US-led sanctions. The decision to issue these types of debit cards has been “quietly” backed by the nation’s authorities who may want to extend the use of US dollars in everyday transactions, the sources claim.By Omar Faridi. Full Text -> CrowdfundInsider
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