Devaluation – Summaries of news and views OnVenezuela https://onvenezuela.com Fri, 02 Sep 2022 11:44:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://onvenezuela.com/wp-content/uploads/2020/01/cropped-Screen-Shot-2019-12-20-at-12.31.03-PM-1-32x32.png Devaluation – Summaries of news and views OnVenezuela https://onvenezuela.com 32 32 Cup of Coffee in Venezuela Surged 25% This Week https://onvenezuela.com/cup-of-coffee-in-venezuela-surged-25-this-week/?utm_source=rss&utm_medium=rss&utm_campaign=cup-of-coffee-in-venezuela-surged-25-this-week Fri, 02 Sep 2022 11:44:24 +0000 https://onvenezuela.com/?p=15855

Bloomberg’s Cafe con Leche Index rose 25% in a week to 19.63 bolivars, or roughly $2.50. The rise shows the swift effect currency depreciation has on prices. Last week, the bolivar posted its largest monthly loss since January 2021, losing a third of its value on the parallel market. By Nicolle Yapur. Full Text -> BNNBloomberg

Traducción de cortesía -> El índice Café con Leche de Bloomberg subió un 25% en una semana a 19,63 bolívares, o aproximadamente 2,50 dólares. El aumento muestra el rápido efecto que la depreciación de la moneda tiene sobre los precios. La semana pasada, el bolívar registró su mayor pérdida mensual desde enero de 2021, perdiendo un tercio de su valor en el mercado paralelo

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Venezuela’s currency falls by more than 30%, threatening timid recovery https://onvenezuela.com/venezuelas-currency-falls-by-more-than-30-threatening-timid-recovery/?utm_source=rss&utm_medium=rss&utm_campaign=venezuelas-currency-falls-by-more-than-30-threatening-timid-recovery Tue, 30 Aug 2022 13:26:40 +0000 https://onvenezuela.com/?p=15811

A sharp drop in the value of the bolivar against the U.S. dollar in the past month threatens to disrupt Venezuela’s economic recovery and the timid honeymoon between the Caracas Socialist regime and the private sector, analysts said.In just 30 days, Venezuela’s national currency has lost 31.2% of its value, falling Monday to a rate of 8.59 bolivars per dollar, from its July 29 level of 5.91 bolivars, due to a sharp decline of U.S. currency available at local exchanges and a recent increase of bolivars in circulation. By Antonio María Delgado. FullText -> AOL

Traducción de cortesía -> Una fuerte caída en el valor del bolívar frente al dólar estadounidense en el último mes amenaza con interrumpir la recuperación económica de Venezuela y la tímida luna de miel entre el régimen socialista de Caracas y el sector privado, dijeron analistas. En solo 30 días, la moneda nacional de Venezuela ha perdido 31,2% de su valor, cayendo el lunes a una tasa de 8,59 bolívares por dólar, desde su nivel del 29 de julio de 5,91 bolívares, debido a una fuerte caída de la moneda estadounidense disponible en las bolsas locales y un aumento reciente de bolívares en circulación

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Venezuela’s public sector surviving on ‘starvation salary’ https://onvenezuela.com/venezuelas-public-sector-surviving-on-starvation-salary/?utm_source=rss&utm_medium=rss&utm_campaign=venezuelas-public-sector-surviving-on-starvation-salary Mon, 28 Jun 2021 13:11:58 +0000 https://onvenezuela.com/?p=9931

Johany Pérez, a stretcher-bearer at a hospital in Caracas, earns a “starvation wage” of the minimum US$2.20 a month in a Venezuela wracked by a severe economic crisis. However, like many staff at the Clinical University Hospital, one of the most important doctor training centres in the country, he won’t quit. “I love my hospital,” said the 30-year-old, who has spent 14 years working there.  By Javier Tovar. Full Text -> BuenosAiresTimes

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Every 24 hours, the Venezuelan bolivar devalues 1.3% against the dollar https://onvenezuela.com/every-24-hours-the-venezuelan-bolivar-devalues-1-3-against-the-dollar/?utm_source=rss&utm_medium=rss&utm_campaign=every-24-hours-the-venezuelan-bolivar-devalues-1-3-against-the-dollar Mon, 08 Feb 2021 13:18:49 +0000 https://onvenezuela.com/?p=7412

According to the first official rate of the year, published on January 4 by the issuing entity, one dollar cost 1,114,769 bolivars. For February 4, the price that is in effect this Friday, the price of the North American currency is 1,828,405 bolivars . Full Text -> Explica

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