Bolivar

The official price of #dólar marked a new milestone yesterday at Bs.48.11 and has accumulated a depreciation of 30% since October. The BCV has sold US$1.263 billion to the national banking system between October and the first week of the current month. Meanwhile, the government says that everything is wonderful, and the budget for 2025 for the nation has already depreciated...😅 #Venezuela #Bolivar

The BCV does not have the financial muscle to stop the current bull run in the unofficial dollar market, it only has to match or exceed the current rate in that market. If the BCV does not adjust the official rate, the stampede will be worse and we could see a #dolar in Bs.60 or more. The private sector will not finance the government deficit. #Venezuela #Bolivar