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June 6, 2022
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BCV injected 80 million dollars into banks, the least foreign exchange intervention since January

BCV reservas internacionales

BCV international reserves
Photo: Archive

The Central Bank of Venezuela (BCV) this week injected 80 million dollars into the banking system, as part of its strategy to control the price of the US currency in the official exchange market.

Sources consulted by Banking and Business They pointed out that this is the least foreign exchange intervention since last January 24, after exceeding 100 million dollars per operation during the last four consecutive weeks.

The price established for this twenty-third foreign exchange intervention of the year is 5.52 bolívares per euro and 5.15 bolívares per dollar.

This is the sixth consecutive intervention with an increase in the exchange rate.

The website assured that with this new operation, according to the registry kept by Aristimuño Herrera & Asociados, the BCV accumulates a balance of 1,905 million dollars sold to the Bank so far in 2022.

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