The BCV dollar price for TODAY, March 15th, 2023. CHECK HERE the rate of the US currency in Venezuela. In this article you can see the variation of the 'green bill' during the regime of Nicolas Maduro, according to data from DolarToday and MonitorDólar.
Before anything else, the variation in the dollar rate is due to the black market of exchange houses that exist in the nation. That's the reason why this exchange rate is much higher than the official dollar.
Tasa de cambio BCV TODAY, March 15th, 2023
The Central Bank of Venezuela (BCV) usually controls the price of the dollar at the exchange rate of the Venezuelan currency. From the financial institution, a value of 24.36 bolívars per dollar was established for TODAY, Wednesday March 15th.
"The exchange rate published by the BCV is the weighted average resulting from the daily operations of the active exchange tables of the participating banking institutions," said the authority.
DólarToday today, Wednesday March 15th, 2023
Now then, the platform Mónitor Dólar updated the value of the green bill in Venezuelan territory to 24.36 bolívars. Meanwhile, the DolarToday website established the exchange rate at 24.50 bolívars. Meanwhile, the Yummy Dollar portal presented the exchange rate of the US currency at 24.00 bolívars.
Inflation continues in Venezuela
Venezuela once again recorded the highest inflation in Latin America, according to the Venezuelan Finance Observatory (OVF), an independent body of the Nicolás Maduro government, the monthly rate reached 20.2% last month. In fact, the Central Bank of Venezuela lost USD 420 million in reserves in February, "the highest monthly figure since the new exchange system began in 2019".
"With a 11% increase in the price of the dollar in February, it is evident that a monthly inflation rate of 20.2% suggests that prices are overreacting to the devaluation of the bolívar," said the Venezuelan observatory.