The Central Bank of Venezuela carried out this Thursday, May 11, an extension of its exchange intervention of last Monday, May 8, with an additional sale of 10 million dollars to the banks, with the evident purpose of reinforcing the supply of foreign currency in the face of a greater flow of bolivars derived from the payment of the Joint Responsibility and Training bonus to employees of the public administration.
The bonds delivered through the Patria system have been increasing in proportions ranging between 25% and 40%, which means a greater effort to issue liquidity. On the other hand, the workers hope that the advance of the cestaticket adjusted to 40 dollars equivalent in bolivars will materialize.
This is the first extension that the BCV has carried out since February when it substantially increased the amounts of weekly intervention in the exchange market.
With this placement, the balance of the intervention this week rises to 73 million dollars, an increase of 18% compared to the previous week.
The Central Bank of Venezuela (BCV) reported that the official average exchange rate was located on May 11 at Bs./USD 25.17.
For its part, the average price of the parallel dollar is Bs. 26.52 according to the amount published at 1:00 pm by the Monitor Dólar Venezuela account on social networks.
With information from Banking and Business
