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DólarToday, Friday February 24: How is the exchange rate quoted in Venezuela?

DólarToday, Friday February 24: How is the exchange rate quoted in Venezuela?

DólarToday, Friday February 24: How is the exchange rate quoted in Venezuela?

Know in this note the dollar price in Venezuelaaccording to DólarToday, which was reported with a value of 25.15 digital bolivars in the previous day of February 2023. In this note you will be able to know the value of the green ticket in the Venezuelan territory for today, Friday, February 24, 2023.

HOW IS THE DOLLAR IN VENEZUELA?

The dollar stood at 25.15 digital bolivars on the last day of February of the informal market in Venezuela, according to data from the DolarToday portal.

HOW MUCH DID THE DOLLAR CLOSE AT VENEZUELA?

According to DólarToday, on the last day of February 2023, the dollar in Venezuela closed at 25.15 digital bolivars.

WHAT IS THE DIGITAL BOLIVAR?

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.

WHAT HAPPENS TODAY IN VENEZUELA?

Recently, the president of Venezuela, Nicolás Maduro, assured that the country’s economy will close 2022 with a GDP growth of 15%, according to a government projection. The president also asked the bank to grant 30% of its credit portfolio in dollars, the currency that prevails in the country.

“Venezuela has had growth in 2022 above 15% of the Gross Domestic Product, the highest growth in Latin America and the Caribbean, with the impact of diversifying the economy that we have not had in years,” Maduro said during the presentation of his memory and account before Parliament, on January 12.

Venezuela’s economic activity began to decline in 2014, amid a slump in the country’s main source of income, oil, and a pressing crisis that worsened after the imposition of a battery of international sanctions in 2019 as part of a crusade. led by the United States to seek the fall of the Chavista president, after ignoring his re-election in 2018.

Due to these punitive measures, which included an oil embargo, Venezuela stopped receiving 99% of its income, according to Maduro.

With informal dollarization and the relaxation of controls, the Venezuelan economy took a breather and, after years of recession and hyperinflation that pulverized purchasing power, registered five quarters of growth between 2021 and 2022.

“We are going step by step, it is the real economy, it is the real economy, which is going and should be getting better,” said the president, although experts have warned that this “recovery” may reach a ceiling in the absence of measures deeper, such as credit expansion.

(With information from the AFP agency)

Source: Elcomercio

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