Leonardo Buniak, Venezuelan economist, He spoke concerning the banking state of affairs within the nation and revealed that solely 20% of ATMs are operational.
In accordance with a assessment of the Venezuelan portal Banca y Negocios to an interview with the economist in Circuito Éxitos, the causes of This case with Venezuelan ATMs is because of the lack of money, the inflationary issues that the nation is dealing with, and the excessive bills generated by the dealing with of bodily items within the present financial system.
On this sense, Buniak stated that in his opinion, within the case of Venezuela, if it weren’t experiencing an financial disaster, this example would solely be handled “of a world macrotrend with the lag of ATMs”. Likewise, he identified that there’s a essential lag with respect to the administration of money, particularly in Latin America, and clarified that There may be nothing costlier for a financial institution than the problem of money administration.
In accordance with Buniak, this has influenced the creation of different channels corresponding to cellular feeone other channel that has additionally been affected by the transactional dollarization in Venezuela, as a consequence of the lack of worth of the bolivar.
Lastly, concerning the dollarization of Venezuela, the economist commented that Presently it isn’t authorized to put in ATMs that dispense {dollars} in Venezuela and that solely with a choice introduced by the Nationwide Govt would the presence of ATMs of this kind be potential within the nation.
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