The Bolívar fell 20% against the dollar in April

The Bolívar fell in April 20% against the US dollar -The main reference in the country to quote goods and services-, when the rate arrives at 87.56 bolivars this Wednesday in the official market, the largest monthly devaluation that records the national currency as far as 2025 is going.

According to figures from the Central Bank of Venezuela (BCV), which is published daily by the official price, the price of the American currency increased 25% this month, which began in Cderca of 70 bolivars per dollar.

In March, Bolívar devalued 7.39% compared to the US currency; In February, 9.2%, and In January lost 10% of its value against the dollar, Efe said.

Parallel dollar distance from the officer

The rate in the parallel market – used, especially in the informal sector of the economy – closed the last day of April in 108.90 bolivars, so the gap with the official exchange rate is today of approximately 21 bolivars.

The minimum wage, reference for the rest of the remuneration in the public administration, equivalent to $ 1.48 per month -What are added two bonds for a total of $ 130 who receive employees from this sector-when a person needs around $ 100 per month only to cover basic feeding expenses, according to independent estimates.

The dollar was adopted in Venezuela in an unofficial way as a consequence of the hyperinflationary crisis that the country lived between 2017 and 2021.

The BCV does not publish inflation data since October 2024when the country began to face episodes of devaluation of its currency in the official market.

According to the Venezuelan Observatory of Finance (OVF), composed of experts and economic analysts, the country had accumulated inflation of 36.1% in the first quarter of the year, which according to this autonomous entity is mainly due to the increase in the price of the dollar.

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