The price of the dollar increased at the close of this Tuesday, January 3, both in the parallel and official markets. With the updates of the En Paralelo Venezuela account and the BCV, the minimum monthly income of a worker is below $10 dollars, an insufficient amount to pay for the basic food basket, which according to the Venezuelan Finance Observatory exceeds $400
The parallel dollar price it galloped this Tuesday, January 3 until it reached 19.44 bolivars at the end of the day. The upward trend was evident since morning hours, when the currency in the unofficial market began to trade at 19.31 bolivars, that is, 0.48 bolivars more than the price registered on January 2 (18.83 bolivars). .
The rate established by the Central Bank of Venezuela (BCV) also showed an increase. The issuing entity established that for Wednesday, January 4, the currency will be quoted at 17.86 bolivars, that is, 0.31 bolivar cents more than it was set for January 3.
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If the price of the currency in the parallel market is taken into account, for the closing of this January 3 the monthly integral minimum wage (130 bolivars of salary and 45 bolivars of food voucher) earned by workers is barely 9 dollars, while if the BCV rate is taken into account, the income is 9.79 dollars.
Both amounts are insufficient to supply the basic food basket, which according to the Center for Documentation and Social Analysis of the Venezuelan Federation of Teachers (Cendas-FVM) at least in November it stood at $474.
Attention ?|| The exchange rate published by the BCV is the weighted average of the operations of the exchange desks of banking institutions. At the close of business on Tuesday 01-03-2023, the results are:#Exchange market #BCV?? pic.twitter.com/evjTZ6bF0W
– Central Bank of Venezuela (@BCV_ORG_VE) January 3, 2023
In March 2022, when the ruler Nicolás Maduro made the last salary adjustment, the amount was equivalent to 30 dollars. The last weeks of the past year 2022 were marked by the increase of the currency, both in the parallel exchange market and in the official one.
December 26 was the first time that the foreign currency stepped on 18 bolivars. Since then it has remained on the rise until reaching 19.20 bolivars on December 28. It remained at 19 bolivars until December 30, when it closed at 18.55 bolivars. The government of Nicolás Maduro denounced that it is a new offensive to destabilize the country, but he explained why the currency also registered a significant increase in the official market.
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