EconomyDolarToday Venezuela Today, Friday, August 5, 2022: find out...

DolarToday Venezuela Today, Friday, August 5, 2022: find out the purchase and sale price here

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The dollar price in Venezuela, according to DolarToday, it operates stable this Friday, amid a lower aversion to risk assets that translated into a decline in the greenback in global markets.

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The dollar stood at 5.95 digital bolivars today in the informal market in Venezuela, according to data from the DolarToday portal.

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President Maduro set the minimum wage at US$28 a month in March, after it had fallen below 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.

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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.

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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.

Source: Elcomercio

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