DolarToday Venezuela Today, Wednesday, June 1: know here the purchase and sale price

The dollar price in Venezuela, according to DolarToday, it operates this Wednesday in the midst of the new provision of the state company PDVSA that ordered more than a hundred stations to start selling diesel in US currency.

Venezuela’s state oil company PDVSA has ordered more than 100 gas stations to start selling diesel in dollars, cutting a subsidy that allowed truckers and public transport drivers to fill their tanks almost for free, according to documents and sources cited by Reuters.

In addition, the main state bank of Venezuela announced a few weeks ago that it will offer up to 10% of its capital in the local stock market, after President Nicolás Maduro allowed the partial opening of public companies to seek funds.

As part of the shift in economic policy to make controls more flexible, the Venezuelan president said on May 11 that between 5% and 10% of the shares of state industries such as telephone companies, mixed oil companies, among others, would be opened to domestic and foreign investors.

On the other hand, 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 dialogue between the opposition and the government of Venezuelan President Nicolás Maduro.

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.