A new analysis suggests Venezuela should avoid immediate, full dollarization. Instead, the report advocates for a structured, phased approach to monetary reform. This strategy prioritizes establishing a legitimate government as the foundational first step. Following this, a regulated bimonetary system – utilizing both the Bolivar and the US dollar – should be implemented. Only after careful evaluation of the results should Venezuela consider full, legal dollarization. The analysis, published by EL NACIONAL, emphasizes the importance of institutional solidity throughout the process. This measured approach aims to mitigate the risks associated with rapid currency changes and build a more sustainable economic future for the country.