The exchange market closed Friday with remarkable percentage difference of approximately 24.73% between the rate of the parallel dollar and the officer of the Central Bank of Venezuela (BCV), evidencing the economic complexities facing the country.
According to the data, the parallel dollar was established in 109.20 bolivars, which represents a slight increase of 0.0092% since its opening in 109.19 bolivars. In contrast, the official BCV rate closed at 88.64.
According to the information published by The National The dollar positioned this Friday at 116.87 bolivars, showing a slight increase since the beginning of this week.
The daily fluctuations of the Venezuelan exchange market are influenced by economic factors, including the supply and demand of currencies, government policies and general economic uncertainty. The difference between the parallel and the officer remains a key indicator that reflects the financial dynamics of the country, impacting both the prices of goods and services and the purchasing power of citizens.
The economic authorities have reiterated the importance of carefully monitoring the behavior of the exchange rate and urges citizens and entrepreneurs to make informed financial decisions based on official data. Meanwhile, the parallel market continues to be an essential reference for many commercial transactions in Venezuela.
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