Today: February 8, 2025
February 8, 2025
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Official BCV dollar exceeds Bs 60 when trying to close the gap with the parallel

Official BCV dollar exceeds Bs 60 when trying to close the gap with the parallel

During this 2025, the official exchange rate increased 7.57 bolivars, that is, a variation of 14.4% with respect to the rate of January 2, 52.57 bolivars per dollar. However, in the last four days it reflected an increase of 2.9%


The price of the official dollar exceeded a new barrier this Friday, February 7 at the beginning of the day at 60.14 bolivars per dollar. During the first month of the year, the American currency showed a great impulse due to the new strategy of the Central Bank of Venezuela (BCV) to allow daily increases to try to reduce the gap with the parallel dollar. While the rise in currency demand also had an impact on its price.

During this 2025, the official exchange rate increased 7.57 bolivars, that is, A variation of 14.4% with respect to the rate of January 2, 52.57 bolivars per dollar. However, in the last four days it reflected an increase of 2.9%.

On the other hand, the price of the currency in the parallel market began the day of this Friday at 72.59 bolivars for an increase of Bs 6.34 since it started the year in Bs 66.25 and for a variation of 9.5 %.

With these results in the price of both rates, the differential reached 20.02 bolivars, which shows an extension of the exchange gap compared to January when it closed at Bs 12.87.

This impulse of the exchange market made the prices of The goods and services in bolivars and in dollars will shoot in January, month that is traditionally of low economic activity in the country. According to a recent report by the Venezuelan Observatory of Finance, inflation accelerated by 7.9% in the month. The BCV has not published the National Consumer Price Index since October last year.

«The January figures, traditionally of low inflation, show that inflation is taking new impulses by the depreciation of the currency by abandoning in September 2024 the quasi -fixed exchange rate regime and adopting a mini devaluations, ”said the OFV in a recent report.

THE NEWS PORTAL Banking and business He pointed out that the BCV, in addition, keeps its exchange intervention policy contained, since it has sold to the banks so far this year an amount of 317 million dollars, when in the same period of last year, the exchange intervention was of 199 million dollars higher than now and three more sales had been made that in this exercise.

For this year 2025, several consultants estimated a closure of the dollar significantly greater than that of 2024. Ecoanalitics calculated that for this year the closing BCV exchange rate is 90 bolivars per dollar. «We have a level of uncertainty that plays very against the exchange gap. On the one hand, a currency demand that is growing and one more and more difficulty for the BCV to continue intervening with the sale of currencies to the bank to meet the demand And, on the other hand, we have much greater political uncertainty », Graciela Urdaneta, a member of the consultant at the forum Economic Perspectives 2025.

The Bolívar was devalued 30.9% compared to the dollar in the official market, from 35.9 to 52.02 bolivars in 2024, especially in the last quarter, when the stability that it maintained from January to October was broken. Therefore, for this 2025, devaluation expectations are greater in case of restrictions on oil exports in the country, the main source of foreign exchange income in the economy.

*Also read: Know which are the clinics that finance health services with Cashea

*Journalism in Venezuela is exercised in a hostile environment for the press with dozens of legal instruments arranged for the punishment of the word, especially the laws “against hatred”, “against fascism” and “against blockade.” This content is being published taking into account the threats and limits that, consequently, have been imposed on the dissemination of information from within the country.


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