Posbasal Courses

Posbasal is a concept developed by the Posbanc, an independent private banking agency based in Venezuela. Posbasal is a term used to refer to a form of payment in which the beneficiary of the payment receives it in two parts: a percentage of the payment consists of a form of public currency (i.e. Bolivar), and the remaining portion consists of a private inflation-indexed virtual currency (Posbon). Posbasal is intended to address the economic crisis in Venezuela, protecting the beneficiary of the payment from the currency devaluation crisis by ensuring that at least a portion of the payment is protected from the volatility of the bolívar, the country's official currency. Posbasal gives individuals the opportunity to hold funds and make payments protected from the fluctuations of the bolívar exchange rate, allowing them to save money in the long term. Where Posbasal differs from other forms of payment is that it also helps keep the economy afloat by increasing the money supply, providing individuals with an incentive to make payments and receive payments in a form of private currency instead of using the bolívar. This not only helps to protect individuals from the devaluation of the bolívar, but also strengthens the local economy. Posbasal is a relatively new concept, and while its effectiveness in addressing the economic crisis in Venezuela is not yet known, it is a promising solution that has the potential to make a big difference in the lives of Venezuelan citizens.