https://www.live-feeds.com/feed/venezuela-dollarizing-would-be-the-biggest-currency-switch-since-the-advent-of-the-euro-hanke-saysContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/venezuela-dollarizing-would-be-the-biggest-currency-switch-since-the-advent-of-the-euro-hanke-sayshttps://www.live-feeds.com/feed/venezuela-dollarizing-would-be-the-biggest-currency-switch-since-the-advent-of-the-euro-hanke-says#u48218Tue, 25 Aug 2026 10:16:16 +0000Venezuela is debating a transition to the US dollar as a recovery strategy, though the move faces internal government opposition. Economist Steve Hanke describes such a switch as the largest currency change since the introduction of the euro. While some argue dollarization is the fastest route to economic stability, the Venezuelan Parliament recently dismissed the head of its commission with the US for proposing the policy. Meanwhile, the Venezuelan government has denied reports that it hired Hanke as a financial advisor.Why it mattersVenezuela has struggled with extreme currency instability a