Tag: Bolivar currency

• Sunday, December 11th 2022 - 07:59 UTC

  Venezuela's minimum monthly wage back below US$ 10

  

  Venezuela's Bolivar fell 17% against the US dollar from less than a week ago, leaving minimum monthly pensions and wages at around US$ 9.20, it was reported in Caracas Friday. Set at 130 bolivars in March, incomes went down 69% this year.

• Friday, August 6th 2021 - 07:52 UTC

  In thirteen years Venezuela has eliminated 14 zeroes from the Bolivar currency

  

  Because of the hyperinflation process, as of next October the Venezuelan currency, Bolivar, will lose six zeroes, the central bank announced on Thursday, This is the third time in thirteen years that monetary officials in the country appeal to eliminating ciphers.

• Friday, September 8th 2017 - 08:49 UTC

  Hyperinflation hits Venezuela in August; US dollar exchange at 20.000 Bolivar

  

  Venezuela's monthly inflation rate jumped to 33.8% in August, with food price rises reaching hyperinflationary levels above 50%, the opposition-controlled National Assembly said on Thursday.

• Wednesday, November 30th 2016 - 10:49 UTC

  Maduro's Bolivar devalued 60% in November: 3,684 Bolivares to one US dollar

  

  Leaders of the Venezuelan opposition have blamed President Nicolas Maduro's regime of causing the Bolivar to devalue to unprecedented levels against the U.S. dollar. According to data provided by the currency tracking website DolarToday, the Venezuelan Bolivar fell this week to an all-time low against the U.S. dollar in the black market.

• Friday, May 20th 2016 - 10:40 UTC

  India planning to swap medicines for Venezuelan crude oil to recoup losses of drugs sector

  

  Indian drug companies could recoup some of the financial losses incurred as Venezuela struggles to make foreign-currency payments and the value of its currency plummets--by participating in a barter plan that would swap medicines for crude oil.

• Monday, September 29th 2014 - 09:22 UTC

  Venezuela's Bolivar hits a record low of 100 to the US dollar

  

  Venezuela's Bolivar currency hit a record low 100 to the U.S. dollar on the black market on Friday, making the dollar 16 times more expensive than the strongest official rate, according to a website that tracks it.

• Friday, November 1st 2013 - 21:36 UTC

  Dollar-short Venezuela creates new exchange rate system for arriving tourists

  

  Venezuela will create a new exchange rate for tourists to buy up to US$10,000 of the local Bolivar currency per year in a measure intended to help reduce black market trading, the government said in its official gazette.