Hiperinflation – Summaries of news and views OnVenezuela https://onvenezuela.com Mon, 08 Feb 2021 13:18:56 +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 Hiperinflation – Summaries of news and views OnVenezuela https://onvenezuela.com 32 32 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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Hyperinflation in Venezuela: banks began issuing debit cards for dollar accounts https://onvenezuela.com/hyperinflation-in-venezuela-banks-began-issuing-debit-cards-for-dollar-accounts/?utm_source=rss&utm_medium=rss&utm_campaign=hyperinflation-in-venezuela-banks-began-issuing-debit-cards-for-dollar-accounts Fri, 29 Jan 2021 14:46:38 +0000 https://onvenezuela.com/?p=7280

Some banks in Venezuela began to deliver debit cards to those who maintain accounts in dollars in the country with permission from financial authorities, a measure that attempts to facilitate routine electronic payments without reaching a formal dollarizationfour sources from the financial sector told .. For more than a year several local banks they save dollars in cash from corporate clients in their vaults, under the flexibility of the controls that were applied for almost two decades. The institutions also seek to provide services in a nation where hyperinflation increases payments with foreign currency bills. Full Text -> Explica

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