Swipe to see the data ๐ | The official dollar keeps its pace in Venezuela ๐ป๐ช๐ธ
June kicked off with a marked acceleration in the official exchange market. The Central Bank of Venezuela (BCV) reported consecutive daily increases during the first week of the month, solidifying the devaluation of the bolรญvar.
๐จ New all-time highs:
๐๏ธ June 1: 554.42 Bs/USD
๐๏ธ June 2: 557.97 Bs/USD
๐๏ธ June 3: 558.64 Bs/USD
๐๏ธ June 4: 560.37 Bs/USD
๐๏ธ June 5 (LAST CLOSING): 563.29 Bs/USD ๐
๐ก Key takeaway: Just between January and the first days of June 2026, the accumulated annual variation of the official exchange rate is already nearing +89%. This speed directly pressures citizens' wallets against a stagnant legal minimum wage.
๐ฆ What's the BCV's plan?
To try to curb the escalation and stabilize the exchange desks, it's estimated that the issuing entity will significantly ramp up its currency injection strategy, planning a massive currency intervention of $1.7 billion during June.
The official euro closed the week at 654.87 Bs/EUR. ๐ถ
How does this affect your budgets this month? Weโre listening in the comments. ๐
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