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Peru’s monetary system would not work in Venezuela

Venezuela’s National Assembly is debating how to end the world’s highest inflation and retire the bolivar. Some propose adopting Peru’s monetary system, but experts argue that system depends on unique political and institutional conditions that cannot be replicated in Venezuela.

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Venezuela’s National Assembly is debating how to end the world’s highest inflation and retire the bolivar. Some propose adopting Peru’s monetary system, but experts argue that system depends on unique political and institutional conditions that cannot be replicated in Venezuela.

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