President Maduro urges the national bank to move towards a 100% digital economy

This Sunday, the President of the Bolivarian Republic of Venezuela, Nicolás Maduro Moros, asked the National Bank to make the necessary adjustments to move towards the consolidation of the 100% digital economy during 2021.

In this sense, he urged the Superintendency of Institutions of the Banking Sector of Venezuela (Sudeban) to carry out the necessary coordination that leads to the implementation of payment methods, making use of new technologies, and in this way to boost the economy of the country.

regarding this, he assured that, compared to 2019, commercial activity in bolivars has increased fivefold during 2020.

Likewise, the head of state indicated that the decision of flexibilzation in December was successful. Applying methods of wide and safe flexibility throughout the country, the commercial, economic and social activity developed without news. “It has been impressive for friends and enemies, their own and strangers, nationals and foreigners, everyone. Impressive business activity”.

Likewise, he specified that more than 77% of commercial transactions in the country were executed in national currency by digital payment methods, through credit and debit cards, the Carnet De la Patria (Homeland Card) and digital mechanisms, while only an 18.6% was made with the use of cash in convertible currencies.