AFP
Caras largas, pequeñas bolsas con lo esencial y el lamento continuado porque «todo está caro». Venezuela intervino el mercado cambiario para reducir la brecha con el dólar negro con el casi imposible objetivo de bajar los altos precios. La primera intervención en meses fue de 300 millones de dólares. Provienen de petróleo vendido a precio […]
TL;DR
- Venezuela injected $300 million into the currency market to reduce the gap with the black market dollar and stabilize high prices.
- The intervention is funded by oil sales coordinated with the United States.
- The expectation of the injection already reduced the exchange rate gap.
- Prices in Venezuela are set in dollars, but many pay in bolívares, taking advantage of the black market rate.
- Analysts believe more consistent foreign currency inflows are needed, and exchange rate control alone is not an anti-inflationary policy.
- The parallel dollar rate dropped significantly after the first sale coordinated with the US.
- A reform to the Hydrocarbons Law is expected to facilitate business with the US and increase dollar flow.
- Low purchasing power persists, with minimum wages and pensions less than a dollar.
- Unions demand oil resources be used to improve incomes and pensions.