The exchange rate in Venezuela was quoted this Saturday in 1,305,293.44 bolivars per dollar on the parallel market, according to the portal Dollar today.
In the meantime, the euro traded at 1,422,769.85 bolivars on the street (money changers) in the city Caracas.
Also, exchange dollars in Chrysanthemumута, Colombia, a city near the border with Venezuela, it was from 87750.00 bolivars.
For its part, the rate of bolivar to salt is 270000, according to the portal ChangeItaly, at the rate Bank of the bank. At other banks, the rate is 270000 bolivars.
Meanwhile, according to the portal Monitor Dollar, he is setting the average at the exchange rate as of May 10 at 297,777.00 bolivars.
The Central Bank of Venezuela (BCV) controls the exchange rate of the Venezuelan currency. On “Dollar TodayCorresponds to the average value of private operations in the city Caracas, the value of Кукута It is determined by the supply / demand of Bolivares in that city.
On devaluation This caused the loss of 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 the significant reduction of the oil price on the international market.
To this problem is added inflation which according to estimates of International Monetary Fund (IMF), rose to 10’000.000% at the end of 2019. The same Central Bank of Venezuela (BCV) found that inflation reached 130.060% in 2018 and that the economy shrank by half in 2013.