DolarToday Venezuela Today, Thursday, June 30: know the purchase and sale price

The dollar price in Venezuela, according to DolarToday, it operates on the rise this Thursday, given the concern of the markets and investors about galloping inflation and the possibility of a recession, which boosted the dollar, seen as a safe haven asset.

PRICE OF THE DOLLAR IN VENEZUELA THIS JUNE 30

The dollar stood at 5.77 digital bolivars today in the informal market in Venezuela, according to data from the DolarToday portal.

WHY DID IT CLOSE UP?

At a regional level, most Latin American currencies and stock markets posted losses at the close of Wednesday, as markets and investors worried about runaway inflation and the possibility of a recession, which boosted the dollar, seen as a safe haven asset.

According to the Reuters agency, the dollar rose on Wednesday as investors sought safety in the US currency while stocks fell around the world due to the growing risk of recession.

The dollar index, which compares the greenback to a basket of six currencies, gained about 0.6%, despite a drop in US Treasury yields.

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.