©Reuters. The Venezuelan bolívar depreciates 7.12% in one month against the dollar
Caracas, May 13 (EFE) .- The Venezuelan currency, the bolivar, depreciated 7.12% in the last 30 days against the US dollar, according to the report offered this Friday by the Central Bank (BCV) that locates the price of the North American currency at 4.77 bolivars.
The price reported this day by the BCV also shows an increase of 7.67% in the price of the US currency, compared to last April 13, when it cost 4.43 bolivars.
The variation in the price of the euro was lower, since, in the same period of time, it went from 4.82 to 4.95, which translates into a rise of 2.70%.
The official exchange rate has been between four and five bolivars per dollar for more than nine months, as a result of a strategy implemented by the authorities to sustain it and thus contain inflation, according to experts.
The strategy has consisted of controlling the demand for dollars, reducing the issue of bolivars, necessary to buy foreign currency, through the reduction of public spending and the restriction of bank credits.
Between 2017 and 2020, Venezuela experienced months in which its currency was devalued by up to 50%, as well as annual inflation rates that have also been falling from six digits to 16.3% accumulated in the first four months of 2022.