DolarToday Venezuela: How much is the dollar trading at? Today, Tuesday, March 29, 2022

The dollar price in Venezuela according to DolarToday operated this Tuesday in the midst of new figures on the basic food basket in that country that had a cost in February of US $ 455, which represents an increase of 61% compared to last year, according to data from the Center for Documentation and Social Analysis of the Venezuelan Federation of Teachers (Cendas-FVM).

According to Cendas, in February 2021, an average family of five members needed an average of US$282 to meet their minimum food needs through the basket.

That is to say, now, Venezuelans require US$ 173 more than a year ago to buy the same products, a figure that reflects the growing cost of living in foreign currency in the country, which until last December experienced hyperinflation that pulverized the value of the local currency, the bolivar.

Added to this is the fact that the new salary, equivalent to US$0.96 a day, is below the US$1.90 a day set by the World Bank as the extreme poverty line by income range.

As of March 16, Venezuelans who earn a minimum wage will earn 1,705% more, according to recent statements by the executive vice president of the Caribbean country, Delcy Rodríguez.

On the other hand, the United States assured that “for now” it is not maintaining contacts or launching any plan to import oil from Venezuela.

In addition, he confirmed that he spoke with Colombia to increase its supply of crude oil globally.

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.