BCV injects dollars into banks amid rising parallel dollar

BCV injects dollars into banks amid rising parallel dollar

This Thursday, the Central Bank of Venezuela (BCV) made a extension of its foreign exchange intervention and injected 10 million dollars into the bank with the mission of seeking to curb the recent rise of the parallel dollar.

The event occurs while the unofficial rate closed this May 11 at a price of 26.52 bolivars per dollar. Meanwhile, the value of the North American currency in the BCV was located at the end of the day at 25.34.

With this new injection, it is also expected to support the flow of bolivars derived from the recent payment of the Stewardship and Training bonus to public administration employees.

According to Banking and Business, the bonds delivered in the Patria system have increased graduallywhich implies a greater effort to issue liquidity.

For his part, It is also expected that an advance of the cestaticket adjusted to 40 dollars equivalent in bolivars will be confirmed. which was announced on May 1 by Nicolás Maduro.

This Thursday’s extension became the first extension executed by the BCV since February of this year.

With the most recent placement of dollars available to the bank, this week’s intervention record increased to $73 millionan increase of 18% compared to the previous week.

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