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RE: "There's No Cash To Spend" - Elorza Becomes Largest Venezuelan City To Launch "Community Currency"

in #venezuela7 years ago

According to what i know, the "Panal" is like a token. It is a way to solve the cash-crisis in this country. It would be great that the others citys create it's own "community currency", the national currency cash is not having a good time and it is limited.

Only a few ATM's have cash to withdraw and it gives not really much money, it is hard to get cash. Everybody is paying in points of sale, and the lines to pay are, in most cases, long.

Very interesting article, thanks for sharing.