bolivar
Coverage of bolivar in the Nexus archive.
- Venezuela abandoning the bolivar and adopting the U.S. dollar would be the biggest currency switch since the advent of the euro, Hanke says
Steve Hanke advises Venezuela that fully adopting the U.S. dollar is necessary to combat 400% inflation, requiring the abandonment of bolivars and the central bank. He estimates this would be the biggest currency switch since the introduction of the euro in 1999. The article notes that due to the collapsing bolivar, the U.S. dollar is already integrated into Venezuela's economy through 'spontaneous dollarization.'
- Audit finds former Missouri Gov. Mike Parson’s state flights often lacked a public purpose
An audit of former Missouri Gov. Mike Parson's office found $375,000 spent on state flights without documented public purpose, with 58 of 174 flights lacking clear state business justification. The audit, rated 'fair' by State Auditor Scott Fitzpatrick, also cited improper payments, missing records, and unauthorized use of state aircraft for personal and book-related travel.