The exchange rate of the Venezuelan bolivar, the national fiat currency of the country, has plunged 35.51% against the U.S. dollar this week as a result of various factors, reaching 8.70 bolivars per U.S. dollar. According to economists, this will cause an increase in prices in the near future, with the exchange rate predicted to reach up to 12 bolivars per dollar by December.Many Latam countries are being affected by the strength that the U.S. dollar has shown this week.
, a popular Twitter account that averages the cost of the U.S. currency on several exchanges. However, prices reached over 9 bolivars per dollar on the popular P2P exchange at Binance.The official exchange rate reached 7.10 bolivars per U.S. dollar, 1.60 bolivars less than the parallel value.
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More and more currencies are crumbling at the minute. Is it a regional thing or will it spread globally
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Hello
It’s the US trying to get Venezuela 🇻🇪 to submit.
Just commies things
Thanks 🚀
Will this be historyy in the makingg?
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