Originally published at: TOTAL DISASTER: Venezuela’s Bank Issues PHONE APP to Help Residents Convert to New Currency | Sean Hannity
The total economic collapse and financial crisis continued to ravage Venezuela this week, with the nation’s central bank issuing a smart phone app to help confused citizens convert prices to the country’s new, devalued currency.
According to Bloomberg, Venezuela’s central bank released the ‘Sovereign Calculator’ for Android-based mobile phones Wednesday; performing calculations that allow residents to convert prices from the old Bolivar to the new Sovereign Bolivar.
“The Sovereign Calculator, a tool for everyone and all Venezuelans, is the best ally people will have to understand and assimilate the monetary re-denomination process,” the central bank said on Twitter. “Download it now!”
The app will constantly update with new conversion and exchange rates in order to help citizens understand the uncharted pricing schemes.
Read the full story at Bloomberg.
