DolarToday, today’s price, Wednesday, October 26: check how much is the exchange rate in Venezuela

The dollar price in Venezuela, according to DolarToday, operates on the rise this Wednesday, amid the advance of the greenback in global markets and expectations of a more restrictive monetary policy by the Federal Reserve in light of the latest data released in the largest world economy.

HOW IS THE DOLLAR IN VENEZUELA TODAY?

The dollar stood at 9.11 digital bolivars today in the informal market in Venezuela, according to data from the DolarToday portal.

HOW MUCH DID THE DOLLAR CLOSE IN VENEZUELA?

According to DolarToday, on Tuesday, the dollar closed at 9.05 digital bolivars.

WHAT HAPPENS TODAY IN VENEZUELA?

September inflation in Venezuela was 11.5%, 5.8 percentage points less than in August, according to data released this Thursday by the Venezuelan Finance Observatory (OVF), an independent entity outside the country’s Central Bank.

With this figure, the accumulated inflation in the first nine months of the year rose to 111.8% and the year-on-year (September 2021-September 2022) stood at 157%.

On the other hand, the majority of Venezuelans over 55 years of age live in poverty, with problems accessing food, medicine or health services, among which some do not have relatives or institutions to support them, according to a survey by the NGO Treat.

The study, applied in 19 of the 23 states of Venezuela, is based on the responses of 3,058 people who, between June and July, answered structured face-to-face interviews, in which they spoke about their living conditions, the quality of public services and the most pressing needs of this age group.

The results show that almost 90% of those surveyed have a monthly income below US$100, while US$470 are needed in the country to cover the family food basket of five people.

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 measure implied that for every million sovereign bolivars, a digital bolivar would be obtained or, what is the same, six zeros are deleted from the amounts previously drawn.