The National Government and the Banking Association of Venezuela agreed on Tuesday to evaluate in the next 24 hours the new date for the currency conversion to be applied in the country in a successful way.
The Chairman of the Banking Association of Venezuela, Aristides Maza, proposed to the National Government to postpone the date of the reconversion for a minimum of 90 days to be able to perform technical tests in the financial institutions of the country and in conjunction with the Central Bank of Venezuela so that the conversion is a success.
“We believe that monetary reconversion is a highly desirable measure not only for banks but for the economic factors of the country. But the truth is that two months is too short a time to give the certainty and assurance that the monetary reconversion, the scheduled day, is a 100% success”, said Maza.
He also proposed that when the reconversion process begins, the current monetary cone with the new cone of sovereign bolivars will remain in circulation, just as it happened during the conversion carried out in 2007.
In that sense, the National Leader urged the economic team of the Executive to evaluate together with the bank the definitive date to begin the monetary reconversion in the country.
