The Dollarization Dilemma: A Risky Fix for Venezuela's Economic Woes Steve Hanke, a well known expert on currency management, has proposed abandoning the bolivar and adopting the U. S.
dollar as Venezuela's sole currency to combat its crippling inflation problem. While Hanke's credentials are impressive, his plan raises more questions than answers.
Hanke points to his own successes in Montenegro, Ecuador, and Zimbabwe as precedents for his proposal. However, these cases differ significantly from Venezuela's unique economic landscape.