The dollar on the black market Venezuela per day increased by more than 20%, exceeding 14.7 thousand bolivars per dollar, write “News.Economy.”
Only on 1 August, the us dollar exchange rate has reached 12.2 thousand bolivars per dollar, with an additional system of exchange of DICOM, the official exchange rate of the Venezuelan currency is only 2.9 thousand bolivars.
The ongoing turmoil and failures of the policies of Nicolas Maduro have led to the fact that the value of the Venezuelan currency dropped to a level lower than the currency video game. Venezuelan opposition, which controls Parliament, did not recognize the elections to the constituent Assembly, stating that the matter was to be decided in a referendum.
The administration of the President of the United States imposed sanctions directly against Venezuelan President Nicolas Maduro. This was reported on the website of the Ministry of Finance of the USA. On such measures the government of the United States went after Maduro decided to rewrite the country’s Constitution.
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The effects of the sanctions that can now be imposed against the oil sector of Venezuela, will be far-reaching, said CNBC analyst at PVM Oil Associates Steven Brennok. “Venezuela will lose much-needed oil revenues, oil refineries, States will suffer from lower profitability of the refining industry and American motorists from rising petrol prices”, – he said.
As you know, Venezuela’s economy is almost entirely dependent on the oil industry, which accounts for about 95% of the country’s exports.