Tag: Venezuela salary

• Thursday, August 10th 2017 - 11:27 UTC

  Triple digit inflation in Venezuela: US dollar trades at 10.387 Bolivar; minimum wage 97.531 Bolivar

  

  The extreme volatility of Venezuela's exchange rate has the crisis-hit country's shop owners hurriedly marking up their merchandise and consumers balking at the higher price tags. Just last week, the Bolivar currency fell around 70% on the black market, according to DolarToday, the opaque U.S.-based website that dictates the black market rate.