DolarToday Venezuela Today, Saturday May 21: how much is the exchange rate quoted?

The dollar price in Venezuela, according to DolarToday, operates this Friday amid the recent announcement by the United States to lift some of its economic sanctions on the country.

PRICE OF THE DOLLAR IN VENEZUELA THIS MAY 21

The dollar stood at 4.97 digital bolivars today in the informal market in Venezuela, according to data from the portal Dollar today.

The US reported the lifting of some of its economic sanctions against Venezuela, including permission for the US oil company Chevron to negotiate with the state-owned Petróleos de Venezuela (PDVSA), to try to reactivate the dialogue between the opposition and the Government of the Venezuelan President Nicolas Maduro.

Regarding the lifting of the ban on negotiating between Chevron and PDVSA, the official clarified that the decision allows both oil companies to “talk”, but in no case exploit or trade with Venezuelan crude, so it will not mean “any increase in income of the regime”.

On the other hand, Vice President Delcy Rodríguez pointed out that a bonus of 10,000 bolívares (US$ 2,224 at the current exchange rate) will be given to all those people in the public sector who retired between January 1, 2018 and May 1, 2022.

It should be noted that the Venezuelan president, Nicolás Maduro, set the minimum wage at US$28 per month in March, after it had been lower than 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 inflation in March was 1.4%, the lowest variation in a decade.

In the figures accumulated in the first quarter of this year it reached 11.4%, while the interannual figure (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.

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.