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Does dollarizing the economy automatically rescue purchasing power? This is what economists say

Economists Ronald Balza, Tamara Herrera and María Antonieta Moreno argued at a UCAB forum on September 15 that formally dollarizing Venezuela's economy would not automatically restore purchasing power or protect household incomes.

Economists Ronald Balza, Tamara Herrera and María Antonieta Moreno spoke at a forum titled '¿Dolarización en Venezuela?' held Tuesday, September 15 at Universidad Católica Andrés Bello (UCAB).

Balza, dean of UCAB's Facultad de Ciencias Económicas y Sociales, said savings depend on the gap between income and spending, not on the currency used.

The panel cited short-term advantages of formal dollarization: eliminating local money emission risk and devaluation of the bolívar.

Cited disadvantages include total loss of monetary policy, disappearance of seigniorage, and the BCV's inability to act as lender of last resort, plus the need for large international reserves the country currently lacks.

This event in our corpus

2 pieces · 1 outlets · 1 independent voices (one root per outlet; an upper bound)

  1. Sep 15, 2026 El Pitazo · independent voice BEconomistas consideran insuficientes las nuevas tasas del BCV si no hay un plan económico integral
  2. Sep 16, 2026 El Pitazo · independent voice B — ¿Dolarizar la economía rescata automáticamente el poder adquisitivo? Esto dicen los economistas (this piece)

Membership by shared distinctive terms within ±3 days, ≥3 terms · sealed snapshot 97ffee2e7546

AI-assisted synthesis anchored to a real VeraVadis-analyzed source. Cleared by VeraVadis's automated editorial gates on 2026-09-16 — not reviewed by a human editor. Archive piece: published under our earlier method. It does not carry the per-claim evidence chain — who reported it first and who is echoing whom — that our current pieces carry. The source link and the date are the original ones.