đ Will eliminating the parallel dollar cause the dollar to drop? Spoiler:𫨠no.
đťđŞ In Venezuela, the government has arrested more than 50 people for âpromoting the parallel dollar.â They also eliminated pages that published its value. But although it seems like an offensive to stop the rise, the official dollar of the BCV continues to increase.
Why?
đš Because the bolĂvar continues to devalue: just in August, it fell more than 15% against the dollar
đš Because prices on the street continue to be calculated with unofficial references: Binance, euro, or simply âwhat is being handledâ
đš Because eliminating a page does not eliminate inflation, nor the lack of confidence in the local currency
đ The BCV can set a rate, but it cannot set reality. As long as the bolĂvar loses value, the dollar will continue to rise, with or without parallel.
#venezuela #CrisisEconomica