Digital bolivar – DIGIT INFO

Venezuela Slashes Six Zeroes off Its Currency, Bolivar Keeps Losing Ground Against the Dollar

DIGIT — Mon, 04 Oct 2021 06:30:03 +0000

The Central Bank Of Venezuela applied the announced redenomination plan for the national fiat currency, the bolivar on October 1. This redenomination implied slashing six zeroes from the currency, to make payments and currency handling easier, according to earlier statements. However, just hours after applying this measure, the bolivar lost more than 20% of its […]

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Biggest Bank in Venezuela Suffers 5 Day Outage After Hack Attempt

DIGIT — Tue, 21 Sep 2021 07:00:50 +0000

The Bank of Venezuela, one of the biggest state banks in the country, is now experiencing an outage that has left its customers without services for five days. The bank published a PR statement stating this was the result of a “terrorist attack” on the national financial system, being perpetrated in the form of a […]

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Central Bank of Venezuela Announces ‘Digital Bolivar’ Redenomination Plan

DIGIT — Sat, 07 Aug 2021 04:30:09 +0000

The Central Bank of Venezuela announced the new redenomination plan for its fiat currency called “Digital Bolivar.” This new proposal seeks to simplify transactions by slashing six zeroes from the current value of the currency. While it is called digital, it has nothing to do with the proposal of a new central bank digital currency […]

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Venezuela to launch CBDC in October — and cut six zeros from its currency

DIGIT — Fri, 06 Aug 2021 01:03:53 +0000

The Central Bank of Venezuela is rolling out a CBDC in October and will launch an SMS-based exchange system to facilitate its use.

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