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Analyst says Venezuela could abandon the bolivar for the US dollar

VenezuelaUnited States
First seen: Aug 23, 2026, 9:01 AM UTCUpdated: Aug 23, 2026, 9:01 AM UTC
WHAT HAPPENED

Economist Steve Hanke says Venezuela adopting the US dollar would be the largest currency switch since the euro's introduction.

SO WHAT?

A currency replacement could significantly affect Venezuela's economy and regional financial expectations.

FOR ME

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Reports behind this event

1
finance.yahoo.comen
Venezuela abandoning the bolivar and adopting the U.S. dollar would be the biggest currency switch since the advent of the euro, Hanke says
Aug 23, 2026, 9:01 AM UTC