<center>https://www.lablabor.com.ve/wp-content/uploads/2021/08/Reconversion-Monetaria-Laboral-Venezuela.jpg
[Source](https://www.lablabor.com.ve/implicaciones-laborales-de-la-reconversion-monetaria/)</center>

&nbsp;

<div class="text-justify">As of October 1, the announced reconversion will take place in Venezuela, a cosmetic change where six zeros will be eliminated from the currency to facilitate accounting tasks and add the adjective of digital. </div><P/>
<div class="text-justify">A reconversion is a simple process; in fact, the country has already carried out three reconversions in the last thirteen years, which together have eliminated 14 zeros from the price of the bolivar. Why is this one different? </div><P/>
<div class="text-justify">The last reconversion was a failure, since as in this one, and here things are looking bad, no additional measures were adopted to prevent the currency from losing value in the short term, and as if that were not enough, the current currency is facing an informal dollarization and a shortage of banknotes in circulation. </div><P/>
<div class="text-justify">Added to this is the strengthening of the mafias that have transformed the Venezuelan economy into a sort of Russian roulette, where the people always get the bullet and are the ones who get hurt. </div><P/>
<div class="text-justify">The cosmetic change has provoked that the attack of these mafias, where many assure that among them are members of both political tendencies, during the last week have turned the country into a true apocalypse, hence the title chosen for this publication. </div><P/>
<div class="text-justify">The first attack was carried out by the large distributors and wholesalers that supply grocery stores, by not accepting bolivars as a form of payment for their customers, either in physical or electronic payments, which has caused many of them to run out of stock and have had to close to wait for the provisions of their suppliers. </div><P/>
<div class="text-justify">The next ones have come from those who control the currency, especially in the border states with the non-acceptance of the monetary cone still in force and the threats of not doing so with the one that will enter into circulation, this has caused many buyers to have to sell their money at half and much less of the price in order to be able to acquire the products to feed their families. </div><P/>
<div class="text-justify">The most accurate because it decapitalizes those who buy and sell has been the manipulation of the price of the parallel dollar, which after being stable for a month, rose surprisingly one day before the beginning of the reconversion, by 22%, going from 4 million one hundred to a little over 5 million, at the time I am writing this article. </div><P/>
<div class="text-justify">This led to the immediate closure of most businesses, which saw the profits from their sales in the previous days and even part of their invested capital diminished and even lost, causing alarm and concern among those who purchase consumer products on a daily basis. </div><P/>
<div class="text-justify">The country has been paralyzed, expectations are negative, daily life has been broken by a phenomenon that should be transparent, taking into account that the updating process in public and private banks takes only a few hours. </div><P/>
<div class="text-justify">The coming days will undoubtedly be post-apocalyptic and the reprisals of the merchants will pulverize even more the salaries of the people, the wild beasts of corruption and the mafias will party and there are no better times ahead, even if it is an election year, since there are no controls that can stop the massacre that is looming. </div><P/>