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By the end of the month it reached 87 VES/USD. The rate then surpassed 100 VES/USD on 3 October 2018, 1,000 VES/USD on 9 January 2019, 10,000 VES/USD on 19 July, 100,000 VES/USD on 6 April 2020, and reached the 1,000,000 VES/USD on 23 November 2020. According to DolarToday, the parallel exchange rate was 4,146,022 VES/USD as of 30 August 2021. [5]
A system of multiple exchange rates was adopted July 23, 1942, with an official rate of 3·35 per US$1, which became its parity with the International Monetary Fund in 1947. A system of multiple exchange rates was adopted in 1948, the rates ranging from 3·09 to 4·80 per US dollar, and there was a black market.
Prior to the election of Nicolás Maduro in 2013, DolarToday was the second most popular exchange rate reference in Venezuela, behind Lechuga Verde. However, when a scandal caused the demise of Lechuga Verde, [4] DolarToday became the most popular exchange rate reference. [2] Its president is Gustavo Diaz, a Home Depot salesman in Alabama. [5]
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
These tables and graphs show the exchange rate history of both the bolívar fuerte and the bolívar soberano compared to the United States dollar (USD) between 2012 and 2021. [ 145 ] The value of one U.S. dollar in Venezuelan bolívares fuertes (before 20 August 2018) and bolívares soberanos on the parallel (or black) market through time.
USD at par Bolivia: Bolivian boliviano: Banco Central de Bolivia Brazil: Brazilian real: Banco Central do Brasil Canada: Canadian dollar: Bank of Canada: float Chile: Chilean peso: Banco Central de Chile Colombia: Colombian peso: Banco de la República Costa Rica: Costa Rican colón: Banco Central de Costa Rica El Salvador: United States dollar
On the auction's final day, July 14, Anholt and the other bondholders acquired all of United Oils' assets in exchange for forgiveness of their debt. The new company's name: Ocho Sur.
For November 26, 2020, the exchange rate between the US dollar and the sovereign bolivar (VES) is as follows: At the Exchange-rate regime, US $1 is equivalent to Bs.S 926,916.9221 [1] At Exchange rate (Black market) US $1 is equivalent to Bs.S 1,015,000.00 [7]