DolarToday Venezuela Today, Thursday, June 23: find out the purchase and sale price here

The dollar price in Venezuela, according to DolarToday, it operates on the rise this Thursday, amid persistent fears that the sustained rises in interest rates to deal with inflation, could complicate the recovery of the world economy or cause a recession.

PRICE OF THE DOLLAR IN VENEZUELA THIS JUNE 23

The dollar stood at 5.67 digital bolivars today in the informal market in Venezuela, according to data from the DolarToday portal

WHY DID IT CLOSE UP?

Regionally, most currencies and stock markets in Latin America fell on Wednesday, amid persistent fears that sustained rises in interest rates to tackle inflation could complicate the recovery of the world economy. or cause a recession.

According to the Reuters agency, the session began with the attention of the markets and investors focused on the testimony of the president of the United States Federal Reserve in the Senate, in search of signs of future monetary policy measures.

The Federal Reserve is “strongly committed” to bringing down inflation, which is at a 40-year high, and policymakers are moving “quickly to do so,” US central bank chief Jerome said on Wednesday. Powell.

“It is essential that we bring inflation down if we are to have a sustained period of strong labor market conditions that benefit everyone,” Powell said in a speech prepared for a hearing before the US Senate Banking Committee.

On the other hand, President Maduro set the minimum wage at US$28 per month in March, after it had dropped to less than US$2 due to the effects of hyperinflation, the depreciation of the local currency and eight consecutive years of recession before. to rebound 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.

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.