Steve Hanke Delivers Official Dollarization Plan for Venezuela to Trump Administration

Economist Steve Hanke formally presented a joint dollarization plan for Venezuela to the Trump administration.

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As of 2026-09-01 16:00 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.

Steve Hanke, an economist at Johns Hopkins University, formally delivered a dollarization plan for Venezuela to the Trump administration on August 31. ^[1] The plan was developed jointly by Steve Hanke and Venezuelan deputy Antonio Ecarri to officially replace the bolivar with the US dollar. ^[2] Steve 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] Steve Hanke stated that the proposal aims to eradicate hyperinflation and restore economic stability in Venezuela. ^[4] Hanke 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] Hanke 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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Steve Hanke, an economist at Johns Hopkins University, formally delivered a dollarization plan for Venezuela to the Trump administration on August 31. · EL NACIONAL

The plan was developed jointly by Steve Hanke and Venezuelan deputy Antonio Ecarri to officially replace the bolivar with the US dollar. · EL NACIONAL

Steve 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. · EL NACIONAL

Steve Hanke stated that the proposal aims to eradicate hyperinflation and restore economic stability in Venezuela. · EL NACIONAL

Hanke 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. · Efecto Cocuyo

Hanke 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. · Efecto Cocuyo

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