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Analyst says Venezuela could abandon the bolivar for the US dollar

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

By DoomRadar · Published on DoomRadar .

Why it matters

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

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

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Venezuela considers replacing the bolívar with the US dollar

Economist Steve Hanke described a possible Venezuelan shift from the bolívar to the dollar as a major currency change. The headline does not confirm that the change has occurred.

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