This Tuesday, January 11, dollar price US is trading at 4.63650000 Venezuelan bolivarsHowever, in the parallel market it has a value of 4.90 bolivars according to the portal Dollar today.
The Central Bank of Venezuela (BCV) is the main economic authority of the South American country and is the only one authorized to issue legal tender and control the exchange rate of the Venezuelan currency.
However, the “DolarToday” corresponds to the average value of private operations in the city of Cáracas, Venezuela, and thus while the dollar is priced at Bs. 4.90 the euro does so at 5.34 bolivars.
For its part, the dollar monitor portal, establishes the average exchange rate for this Sunday at 4.06.
Dollar price in Venezuela in real time
Inflation and devaluation in Venezuela
In 2018, the sovereign bolivar came to replace the strong bolivar, which meant a 96% devaluation in the official currency of Venezuela in relation to the dollar, as announced by the BCV at the time.
As we have mentioned in AmericanPost.News, the deep economic crisis that the country is experiencing has led to unstoppable inflation that, according to estimates by the International Monetary Fund (IMF), increased to 10,000,000% at the end of 2019.
YOU MAY BE INTERESTED: We share one of the most traditional Chiapas recipes, so you can prepare ball tamales
For its part, the same Central Bank of Venezuela revealed in 2019 a contraction of the economy of 47.6% since 2013, and an inflation of 130.060% at the end of 2018.
Follow us on Google News, Facebook and Twitter to stay informed with today’s news!