DolarToday Venezuela Today, Monday, May 2: find out the purchase and sale price here

The dollar price in Venezuela according to DolarToday operates this Monday while the Government of Nicolás Maduro urged Turkish businessmen to invest in various spheres of the economy and commerce.

WHAT HAPPENS TODAY IN VENEZUELA?

During the III Mixed Commission between Venezuela and Turkey, President Nicolás Maduro highlighted the friendship and quality of bilateral relations, where strategic agreements were also signed.

On the other hand, Maduro assured that his country is prepared to face the impact that the sanctions imposed by the United States and the European Union on Russia may have on the rest of the world, after the Eurasian country’s invasion of Ukraine.

“We are preparing ourselves, we are prepared, I can say, to face the impact of the boomerang effect on the Western and world economy, as a result of the aberrant sanctions against the Russian economy. The sanctions are aberrant, but there is a lot of arrogance in the West, a lot of arrogance”, Maduro said on the state channel Venezolana de Televisión (VTV).

Meanwhile, the Central Bank indicated a few days ago that inflation in March was 1.4%, the lowest variation in a decade.

In addition, in the figures accumulated in the first quarter of this year it reached 11.4%, while the year-on-year (March 2021-March 2022) was 284.4%.

But despite the slowdown of the last six months, prices are still high, which continues to affect the income of families. The minimum wage in the country is equivalent to US$30.

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.