The dollar price in Venezuela, according to DolarToday, it operates on the rise this Saturday, after the inflation data of 48.4% in the first seven months of the year came out.
PRICE OF THE DOLLAR IN VENEZUELA THIS AUGUST 20
The dollar stood at 6.30 digital bolivars today in the informal market in Venezuela, according to data from the portal DolarToday.
WHAT HAPPENS TODAY IN VENEZUELA?
President Maduro set the minimum wage at US$28 a month in March, after it had fallen below US$2 due to the effects of hyperinflation, the depreciation of the local currency and eight consecutive years of recession before rebounding 4%. in 2021, according to the government.
Meanwhile, the Central Bank indicated that Venezuela accumulated inflation of 48.4% in the first seven months of the year, after the indicator stood at 11.4% in June and 7.5% in July.
The sectors that increased the most last month were education services, with an increase of 12%, followed by leisure and culture, with 10.8%, and housing services, with an increase of 9.5%.
Venezuela emerged last December from a hyperinflation that it entered in 2017 and that, for four years, reduced the value of the bolivar, the official currency, as well as the confidence of citizens in it, for which they unofficially adopted the dollar in an attempt to protect their income.
WHAT IS THE DIGITAL BOLÍVAR?
It is the currency that governs the country after the third monetary reconversion that was applied by the Government. The new reconversion implied that for every million sovereign bolívares a digital bolívar would be obtained or, what is the same, six zeros of the amounts previously drawn would be erased.