A few days after the presidential elections, the Central Bank of Venezuela (BCV) sent this Thursday the price of the dollar, which will be updated in the course of the afternoon. It is the official rate authorized by the Nicolás Maduro regime to counteract the parallel market, born after the first measures in terms of control of the exchange rate.
DolarToday on your portal, Dollar Monitor on your social media accounts and Yummy Dollar Web they are the main diffusers of the parallel dollar. Given this, the BCV rate is established from Monday to Friday in operations between private and public banks.
The government eliminated six zeros from the bolivar in October. The measure did not curb inflation, economists warn, while many Venezuelans complain about how complicated their family finances remain.
According to the Executive branch headed by Maduro since 2013, the reconversion facilitates transactions and repowering the bolivar by erasing six zeros from its denomination. However, this has not translated into greater availability of cash or better prices in the markets, reports Voice of America.
“Most of the people have not even seen bills of the new conversion of the new digital bolivar. It has not solved any of the problems of the lack of physical means of payment, the lack of coins and bills, which is extremely strong in sectors where people do not have smartphones, nor do they have the ability to make digital payments, ”said Manuel Sutherland, economist and member of the Center for Worker Research and Training.
The measure of the Maduro government did not alleviate the prices of the family basket either. “It has not been positive, because every time you go out to the market to buy, things are more expensive and it becomes more difficult for you,” María Elena Velásquez, a 58-year-old housewife, told VOA.
The exchange rate published by the BCV is the weighted average that results from the daily operations of the active exchange desks of the participating banking institutions.
The BCV value date is this Thursday, November 18, 2021.
One dollar is equivalent to 4,528 70,000 bolivars, according to the update of the Central Bank of Venezuela.
The BCV reports the official price of the dollar, but also of other currencies valued by Maduro’s financial team for various activities. One euro is trading at Bs 5 120 32936, one yuan at 0.71010584, a Turkish lira at 0.42764332 and a ruble at 0.06256475 bolivars.
DolarToday reflects a parallel price of 4.82 Bs. Early this Thursday, November 18.
Monitor Dollar Vzla on his Instagram account (@enparalelovzla), presents an average of 4.83 bolivars.
The dollar is priced at 4.52 bolivars in the border city of Cúcuta, according to DolarToday.
The Yummy Dollar exchange rate is at 4.48 Bs. At 8.05 am