The dollar price in Venezuela according to DolarToday operates this Monday while preparing to face the effects of the sanctions imposed on Russia for the invasion of Ukraine, as President Nicolás Maduro pointed out.
WHAT HAPPENS TODAY IN VENEZUELA?
Nicholas Maduro He assured that his country is prepared to face the impact that the sanctions imposed by the United States and the European Union on Russia may have on the rest of the world, following the Eurasian country’s invasion of Ukraine.
“We are preparing ourselves, we are prepared, I can say, to face the impact of the boomerang effect on the Western and world economy, as a result of the aberrant sanctions once morest the Russian economy. The sanctions are aberrant, but there is a lot of arrogance in the West, a lot of arrogance”, Maduro said on the state channel Venezolana de Televisión (VTV).
PLUS: Venezuela: 72-year-old woman and her son arrested for wishing Maduro dead on TikTok
On the other hand, the Central Bank indicated a few days ago that inflation in March stood at 1.4%, the lowest variation in a decade.
In addition, in the figures accumulated in the first quarter of this year it reached 11.4%, while the year-on-year (March 2021-March 2022) was 284.4%.
But despite the slowdown of the last six months, prices are still high, which continues to affect the income of families. The minimum wage in the country is equivalent to US$30.
WHAT IS THE DIGITAL BOLÍVAR?
It is the currency that governs the country following the third monetary reconversion that was applied by the Government. The new reconversion implied that for every million sovereign bolívares a digital bolívar would be obtained or, what is the same, six zeros of the amounts previously drawn would be erased.
