Venezuela’s currency, the bolivar, depreciated by 10.4%. Against the dollar in less than a day, according to the Central Bank of Venezuela (BCV), the price of the currency exceeded 7 bolivars, from 7.01 last Wednesday.
In recent days, there is A rapid rise in the value of the dollar As far as reaching, 5 to 6 above the trend of previous days Today, Friday, August 26, BCV is 7.83 bolivars per dollar.
The price of the dollar on the parallel market, which manages some activities, exceeded 9 bolivars this Thursday, widening the gap between the two exchange rates, Web portal Monitor provides the daily price of the Venezuelan dollar.
Current price of dollar in Venezuela:
- DolarToday: B.S. 8,78
- Dollar Monitor: B.S. 8.13
- @EnParaleloVzla: P.S. 8,56
- Central Bank of Venezuela: PS. 7.85
A rapid increase in the exchange rate has a strong impact on prices in bolivars, where most goods and services are denominated in US currency.
After the price hike, some economists predicted an acceleration in inflation in August, which was recorded at monthly rates of 11.4% and 7.5% in June and July, respectively, the two highest increases of the year so far.
Venezuela last December emerged from the high inflation it entered in 2017, devaluing the bolivar for four years, as well as citizens’ confidence in the national currency, which they have unofficially adopted in an attempt to protect the dollar. Your income.
According to the published report Venezuelan Federation of Teachers (CENTAS) Center for Documentation and Social Analysis, In Venezuela, a family of five needs to earn $15.68 a day for a basic food basket, up from $470.44 in July, while the minimum wage is 126 bolivars, equivalent to about $20.
Dolartoday, Dollar Monitor and others: Dollar price live today in Venezuela
With information from EFE.
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