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© Reuters. The Venezuelan currency slows its devaluation against the dollar
Caracas, Feb 17 (.).- The Venezuelan currency slowed down its devaluation against the dollar this week, whose price in the official market closed this Friday at 24.40 bolivars, according to the Central Bank (BCV), which publishes daily quotes of several currencies, including the US.
Between Monday and Friday, the bolivar devalued 0.61% against the dollar, which represents a deceleration of 3.77 points compared to the depreciation of last week, when the local currency lost 4.38% of its value.
In addition, the behavior of the exchange market in the last five days breaks with the trend so far this year, a time in which the local currency has rapidly lost value against the US.
The dollar is one of the currencies most used in commercial transactions in Venezuela, which has been experiencing, for four years, an unofficial dollarization process of its economy, one of the main consequences of the hyperinflation that the country suffered between 2017 and 2021. .
So far in 2023, the price of the US currency has increased by 39%, which has a direct impact on goods and services, whose prices are set, in most cases, in dollars.
Inflation in January was 39.4%, 2.2 percentage points more than in December, according to the Venezuelan Finance Observatory (OVF), an independent entity outside the Central Bank.
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