Venezuela launches app for FX conversion

App allows members of the public to convert prices into the new bolivar soberano

bolivar
New series: “I want the country to recover and I have the formula. Trust me,” says the Venezuelan president
Central Bank of Venezuela

The Central Bank of Venezuela has launched an app to help members of the public convert their savings into its new currency, which was unveiled earlier this month.

The app, named Calculadora Soberana or the Sovereign Calculator, will help users to convert prices in old bolivars into the new ‘bolivar soberano’, which has ostensibly been pegged to the country’s new cryptocurrency, the petro.

In June, the central bank proposed a new currency series that would see it slash several zeroes off its

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