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6 Articles
Efecto Cocuyo
ALnavíoThe official currency of Venezuela, the bolívar, has lost 45% of its value to the US dollar in the official market this year, where the US currency is changed this Friday, last working day of the month, to 549.37 bolivars. The dollar quotation, the main reference in the country to fix prices, increased by 82.2% since the 301.37 bolivars in early January, according to figures of the Central Bank of Venezuela (BCV), which updates daily the rate of…
Exxon and ConocoPhillips negotiate guarantees to return to VenezuelaThe currency of Venezuela, the bolívar, has lost 45% of its value to the US dollar in the official market this year, where the US currency is changed this Friday, last working day of the month, to 549.37 bolívares.The quotation of the dollar, the main reference in the country to fix prices, increased by 82.2% since the 301.37 bolívares of early January, according to figures of t…
The Venezuelan economy faces a new stage of instability. During the first five months of 2026, the bolívar accumulated a depreciation of 45% against the US dollar. The data are figures reported by the Central Bank of Venezuela (BCV). This currency collapse drastically reduces the purchasing power of citizens and accelerates the loss of value of wages. At the end of the last working day of May, the official market set the exchange rate at 549.37 …
The situation has generated protests from retirees and pensioners demanding improvements in their income and living conditions in the face of the growing economic crisis. The post El bolívar accelerates its loss of value while the dollar consolidates its dominance in the Venezuelan economy appeared first on EL NATIONALA.
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