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Prolotario
@Prolotario1
Hypothetically Speaking:
Venezuela has lopped 14 zeroes off its currency since 2008. The “Soberano” series itself was redenominated into the “Digital” Bolivar in 2021 at a 1:1,000,000 ratio.
Venezuela pegs VES to XRP/XLM/ADA infrastructure and backs it with oil+gold reserves at a fixed rate. Ex-Reval- triggers globally — $300 (VES-Digitales Soberano) million on 1B notes at 30 cents is your number.
Gold Is A Tier 1 Assets
So I would personally be shocked if that doesn’t end up being the case.
Right now VES trades around 0.00126 USD — roughly 1/238th of a cent. A jump to 30 cents is a ~23,716x increase from current rates.
That’s not a revaluation — that’s a peg reset, the kind of move that only happens when a nation backs its currency with hard assets (gold, oil reserves, tokenized commodities on ledger). Sounds like what Iraq is doing.
Source(s):
• https://x.com/Prolotario1/status/2094180564047692122
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