Meanwhile, on Euro City Street (converters) traded at 5.01 bolivars. Caracas.
Also, in Cúcuta, Colombia, a city near the Venezuelan border, the dollar exchange rate was 5.57 bolivars.
For its part, the Bolivar First Soul Ratio is 1,065, according to the portal If changes are made, At the rate of Banco Banesco. In other banks, the ratio is 1,056.
The exchange rate of the dollar monitor in Venezuela
Meanwhile, according to the portal Dollar Monitor, Establishes an average conversion rate of 297,777.00 bolivars.
Of the Central Bank Venezuela (BCV) controls the exchange rate of the Venezuelan currency. “DolarToday” corresponds to the average value of private operations in the city Caracas, The value of Cúcuta is determined by the supply / demand of bolivars in that city.
The devaluation comes amid a deepening economic crisis in South America caused by a significant drop in international oil prices.
According to the International Monetary Fund (IMF) estimates, by the end of 2019 it had risen to 10,000,000%. The same Venezuelan central bank (BCV) revealed that inflation reached 130,060% in 2018. The economy has halved since 2013.
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