© Reuters. The official price of the dollar in Venezuela exceeds 10 bolivars
Caracas, Nov 23 (.).- The official price of the dollar in Venezuela exceeded 10 bolivars on Wednesday, according to the Central Bank (BCV) report, which indicates that the US currency closed the day at 10.23 bolivars.
According to information from the issuing entity, the price of this currency, which governs a large part of commercial transactions in the country, has increased by 13.5% compared to last November 10, when it exceeded the barrier of 9 bolivars, upon reaching 9.01.
In this way, the local currency -the bolivar- has devalued 11.9% in the last two weeks.
So far in 2022, the price of the dollar has increased by 123% compared to January 3 -the first business day of the year-, when the currency cost 4.58 bolivars in the official market, which has caused a devaluation of the bolivar 55% since then.
Meanwhile, the dollar in the parallel market exceeded 11 bolivars on November 15 and today closed at 11.63, according to the Monitor Dólar Venezuela portal, which offers the daily price taking various markers into account.
The increase in the exchange rate has a direct impact on the prices of goods and services, most of which are set in dollars.
Venezuela emerged last December from a hyperinflation that it entered in 2017 and that, for four years, reduced the value of the bolivar, as well as the confidence of citizens in the national currency, for which they unofficially adopted the dollar in an attempt to protect their income.