Venezuela dollarisation: Use of American dollars increasing

January 17, 2020 by News Desk

Venezuela’s bolivar is now the world’s most devalued currency.
Although its embattled populist government is banned from using US dollars, Venezuelans themselves are increasingly turning to it.

Al Jazeera’s Lucia Newman reports from Caracas.

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In This Story: Venezuela

Venezuela is a country on the northern coast of South America with diverse natural attractions. Along its Caribbean coast are tropical resort islands including Isla de Margarita and the Los Roques archipelago. To the northwest are the Andes Mountains and the colonial town of Mérida, a base for visiting Sierra Nevada National Park. Caracas, the capital, is to the north.