EconomyToday's Price of the DollarToday, November 23: how is...

Today’s Price of the DollarToday, November 23: how is the dollar exchange rate in Venezuela?

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The dollar price in Venezuela, according to DolarToday, it is trading lower this Wednesday, amid renewed concerns that the Federal Reserve (Fed) would maintain its restrictive stance, following comments by a US central bank official.

The dollar stood at 11.20 digital bolivars today in the informal market of Venezuela, according to data from the DolarToday portal.

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According to DolarToday, on Tuesday, the dollar closed at 11.70 digital bolivars.

Inflation in September 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.

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

On the other hand, the majority of Venezuelans over the age of 55 live in poverty, with problems accessing food, medicine or health services, among which some do not have family members or institutions that 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 interviews, in person, in which they talked 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 in the country US$470 is needed to cover the family food basket of five people.

It is the currency that governs the country after the third monetary reconversion that was applied from the Government. The new measure implied that for every million sovereign bolivars, one digital bolivar would be obtained or, what is the same, six zeros of the amounts previously drawn would be deleted.

Source: Elcomercio

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John
John
I am John Casanova. I am an author at 24 news recorder and mostly cover economy news. I have a great interest in the stock market and have been writing about it for many years. I am also interested in real estate and have written several articles on the subject. I am a very experienced investor and have a lot of knowledge to share with others.

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