The dollar exchange rate in Venezuela It was quoted this Saturday at 24.72 bolivars per dollar in the parallel market, according to the Dolar Today portal.
Meanwhile, the euro traded at 26.94 bolivars on the street (changers) in the city of Caracas.
Likewise, the exchange rate for dollars in Cúcuta, Colombia, a city near the border with Venezuela, was 25.75 bolivars.
For its part, the bolivar to sol rate is 6,333 bolivars, according to the portal ChangesItalo, at the Banco Banesco rate. In other banks, the rate is 6,131 bolivars.
Dollar Monitor exchange rate price in Venezuela
Meanwhile, according to the Monitor Dollar portal, it establishes the average exchange rate at 24.75 bolivars.
The Central Bank of Venezuela (BCV) controls the exchange rate of the Venezuelan currency. The “DolarToday” corresponds to the average value of private operations in the city of Caracasthe value of Cúcuta is determined based on the supply/demand of Bolivares in that city.
The devaluation has caused a loss in the value of the bolivar in the midst of the deep economic crisis that the South American country is experiencing due, among other things, to a significant reduction in the price of oil on the international market.
Added to this problem is inflation which, according to estimates by the International Monetary Fund (IMF), climbed to 10,000,000% at the end of 2019. The Central Bank of Venezuela (BCV) itself revealed that inflation had reached 130,060% in 2018 and that the economy has halved since 2013.
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