The Bolivar Fuerte is useless. The most common bill, the 100 Bs, is worth less than a thousandth of a cent. They count bills by weighing them.

But, poor Maduro thinks that the problem with his currency is that various "mafias" are hoarding his rapidly depreciating notes. Which flies in the face of logic, since the minute anyone gets their hands on them, they spend them. Inflation goes up as much as 100% in a day.

Since Chavismo (February, 1999), the Bolivar has devalued 25,268,783%. Why would any SANE person hoard it, unless they were going to use it to wipe their ass?

Eloy Torres: Reviving Dicom will generate more inflation
The diplomat assured that the government takes desperate economic measures
By THE WEB NATIONAL
JANUARY 7, 2018 10:06 AM | UPDATED ON JANUARY 7, 2018 11:46 AM

Eloy Torres Román, international diplomat and professor at the Central University of Venezuela, said on Sunday that the implementation of exchange rate policies through the Foreign Exchange Rate System Floating Market (Dicom) is a way to demonstrate the inefficiency of the government in terms of economic measures that accelerate inflation.

During an interview offered to Union Radio, Román assured that the government of Nicolás Maduro does not have any scientific basis in its economic policies, which is the cause of the economic disaster that is about to be generated.

"We are facing a disaster that is here and that coexists with us but the Venezuelan is not yet aware of what is coming and the government has invented a mechanism that, as the parliamentarians of the National Assembly point out, is illegal and is a violation because it is a debt that is being contracted against Venezuelans," Roman warned.

The diplomat said that the economic measures taken by the government respond to the international isolation in which the country is located.

"Venezuela is isolated in the international context, they took us out of Mercosur, we are practically out of the Organization of We Are Americans, we have a confrontation with the United States and the European Union lives punishing us and they insist that they are fighting for dignity," he concluded.

http://www.el-nacional.com/noticias/economia/eloy-torres-revivir-dicom-generara-mas-inflacion_217892

DICOM is Chavismo's counter-intuitive and completely illogical way of managing its currency. "Officially", the exchange rate for dollars that you bring in to exchange is 10 BsF to $1. Unofficially and in THE REAL WORLD, the useless Bolivar is worth 143,274 BsF to $1. Chavista bureaucrats use this to their advantage to line their own pockets. Hugo Chavez' daughter Maria used this currency exchange mechanism to create a nice nest egg of approx $4.2 billion. Not a bad gig for a low level UN bureaucrat.

iViva Chavez! iViva la Revolucion!