Since the economy has been dollarized for decades, a significant portion of the money supply consists of fresh dollars, accessible for cash transactions. There is a lack of statistics on the size of dollars in circulation. However, it is very likely that it substantially decreased during the crisis due to capital flights, lirafication of some withdrawals from dollar deposits, de facto capital controls, and recurring deficit in the balance of payments (BoP).
Recurring deficits since 2011
The BoP measures the difference between money flowing into the country and out of it. It has been recording