Author: James Alexander Michie
To combat the crisis in Venezuela which Nicolás Maduro claims to be due to a supposed "economic war" led by Colombia and the United States, the Venezuelan government takes a new step to abate that war and likewise establishes in the nation a new monetary system, which has caused some confusion among Venezuelans.
The Venezuelan currency was known as Bolivares Fuertes but now with the measure by the government is known as Sovereign Bolivares, likewise in the new monetary system the five zeros have been eliminated to the figures belonging to the previous system, ie according to The new system, previously known as five million Bolívares Fuertes, is now known as five Sovereign Bolívares.
It is important to note that the new system has brought with it a sense of order or stability for those Venezuelans who still remain in the country or for the growing number of people who have fled their economic and political crises.
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