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    "headline": "Steve Hanke Delivers Official Dollarization Plan for Venezuela to Trump Administration",
    "dek": "Economist Steve Hanke formally presented a joint dollarization plan for Venezuela to the Trump administration.",
    "prose": "Steve Hanke, an economist at Johns Hopkins University, formally delivered a dollarization plan for Venezuela to the Trump administration on August 31. [^1]\n\nThe plan was developed jointly by Steve Hanke and Venezuelan deputy Antonio Ecarri to officially replace the bolivar with the US dollar. [^2]\n\nSteve Hanke revealed that he is part of the White House advisory team for the 'Dollar Grand Strategy' project, which identifies Venezuela and Argentina as primary candidates for dollarization. [^3]\n\nSteve Hanke stated that the proposal aims to eradicate hyperinflation and restore economic stability in Venezuela. [^4]\n\nHanke declared in an interview with journalist Jorge Agobian that the White House requested the plan, which aims to encourage countries to eliminate their worthless currencies and officially adopt the US dollar as legal tender. [^5]\n\nHanke estimates between 50% and 80% probability that Venezuela will officially adopt the dollar, noting that the Central Bank of Venezuela has sufficient reserves to execute the conversion. [^6]",
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      "statement": "Steve Hanke, an economist at Johns Hopkins University, formally delivered a dollarization plan for Venezuela to the Trump administration on August 31.",
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