Even though Venezuela is undergoing a de facto dollarization process in several sectors of its economy, in the border zone with Colombia, the situation presents several nuances given the important participation of the Colombian peso (COP), which is the second-most traded foreign currency in daily operations in that country after the US dollar (USD).
According to a report by the Venezuelan consulting firm Ecoanalítica, the dollar participates with 45% of the transactions in that country, the Venezuelan bolivar (VES) contributes with 42%, and the Colombian peso with 8.5%, even more than the euro (EUR), which has a . . .
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