The Dollar price In Venezuela, the economy was above 4 digital bolivars over the weekend after it was known to have shrunk by 2.7% in nine months, a monitoring center said.
Initially, the exchange rate was quoted as 4.32 bolivars per dollar in the parallel or informal market. The dollar today.
Venezuela’s economy, as measured by the Economic Performance Index (IAEM), contracted by 2.7% between January and September this year, compared to the same period in 2020, according to the Venezuelan Financial Laboratory (OVF), an independent body of several economists.
“Accumulating nine months from January 2021 to September 2021 indicates that the economy is down 2.7% over the same period, compared to January 2020 and September 2020.”, Said economist Jose Guevara in an appearance while presenting the IAEM.
However, this indicator is “significantly lower” than the 65.9% recorded in 2020 and is the result of the Govit-19 epidemic.
“This can be seen as a reversal of what the decline was in the same period of 2020, but we are in the abyss.Guerrero said the country has not come out of the recession since December 2014.
With information from EFE
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