devaluation Archives - The Daily Journal

Dollar crossing 800 bolivars deepens erosion of Venezuelans’ income

September 3, 2026September 3, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – The official exchange rate broke the 800-bolivar-per-dollar barrier on Wednesday, September 2, reaching Bs. 801.18, according to the rate published by the Central Bank of Venezuela (BCV). The U.S. dollar rose by 2.86 bolivars (0.36%) in a single day after closing Tuesday, September 1, at 798.32 bolivars. The euro also climbed […]

Dollar surpasses 600 bolivars, deepening the erosion of venezuelan families’ purchasing power

June 19, 2026June 19, 2026Tatiana Da GamaLeave a Comment

The Venezuelan currency has lost half of its value against the U.S. dollar so far in 2026, while cumulative inflation has climbed above 100% and wages remain frozen. By Neirlay Andrade Venezuela’s official exchange rate crossed the 600-bolivar threshold on Thursday, marking a milestone that threatens to accelerate the erosion of purchasing power for millions […]