The bolivar devalued on Friday, December 30, 2022, 73% against the dollar compared to the same day in 2021, after the price of the US currency in the official market increased 280% in the last year
The Venezuelan bolivar continued to lose the battle against the US green, as a result of the economic manipulations of the government of Nicolás Maduro. The price of the North American currency, used in most of the commercial transactions that take place in the country, closed the day of this Friday, December 30, at 17.48 bolivars, when a year ago it reached 4.59 bolivars, according to the figures published by the Central Bank of Venezuela (BCV). This is a variance of 280%.
December 2022 was the month in which the bolivar registered the greatest devaluation in the last year, depreciating 35% in the last 30 days, during which time the currency price shot up 55%.
On the other hand, the price of the free dollar reached this Friday, at the end of the year, 18.55 bolivars, an increase of 292% in relation to the 4.73 bolivars of a year agowith which the bolivar devalued 74% in this period, according to this unofficial marker.
In recent months, the regime of Nicolás Maduro increased spending with various payments to public workers, while it has been releasing credits, which increased 123% in the last year.
The rise in the price of the currency also has a direct impact on goods and services, most of which are fixed in the US currency, which is why experts warn of an acceleration in inflation, which they expect to close December in more than a year. 30%
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