Venezuela to make its economy 100% digital — no notes

Venezuela plans to transition to a fully digital economy due to hyperinflation, which has rendered its currency nearly worthless. The government aims to reduce dollarization, as a significant portion of transactions are in dollars. President Maduro highlights the minimal use of physical currency, with most transactions occurring digitally. The bolivar has lost 99% of its value, necessitating higher denomination notes that quickly become obsolete. Cash is primarily used for public transport, with shortages affecting services like the Caracas subway.

What percentage of commercial transactions in Venezuela are conducted in dollars according to President Maduro?

What is the goal of Venezuela's government regarding its economy?

How much value has Venezuela's currency lost during three years of hyperinflation?

What has been the impact of issuing higher denomination notes in Venezuela?

What is the current use of cash in Venezuela as mentioned in the text?