![]() On Monday, new banknotes were introduced that lopped off five zeros from the national currency to facilitate transactions, which typically entailed millions of old bolivars for even everyday items. Venezuela's government has launched an economic recovery program to rein in hyperinflation and overcome U.S. ![]() The simplest approach to make this conversion is to use the spot exchange rate that prevailed in 2004, which was 8.28 yuan per dollar. The dollar fetched more than 3,600 bolfvares versus the. Thus we need to convert units, either turn dollars into yuan or yuan into dollars. dollar hit a record high against Venezuelas currency on the black market. The BCV will also publish the value of the petro and its equivalent in euros, yuan, ruble and the U.S. However, we can’t compare these two per capita figures since they are in different unitsdollars and yuan. Exchange Rate Venezuelan Bolivar to US Dollar 1.00 VEF 0.000001 USD 08:25 UTC View VEF Rates Table View USD Rates Table View VEF / USD Graphs 1. "This information will be updated daily and will be available via the web page, letting the Venezuelan people, as well as the financial and business sectors, know the official value of the sovereign bolivar," which is pegged to the petro, Ortega Sanchez said. As of Friday, the official rate was set at 2.48 sovereign bolivars per dollar, according to the country's exchange-rate control system (Dicom).Ĭalixto Ortega Sanchez, president of the BCV, said the bank published the official rates for the sovereign bolivar and Venezuelan cryptocurrency the petro. Also, get the latest news that could affect currency exchange rates. Moreover, the exchange rate of gold, RuneScape’s in-game currency, to real-world money was relatively stable in comparison to the bolívar, Venezuela’s currency. 10,000 Venezuelan Bolivars 1,214.39 US Dollars as of. The rate will be 60 sovereign bolivars to the U.S. Convert Venezuelan Bolivars (VES) to US Dollars (USD) 100 Venezuelan Bolivars 12.1439 US Dollars as of. Reuters reported that the move represented a. Venezuela's Central Bank (BCV) on Tuesday unveiled the official exchange rate for the country's new currency, the sovereign bolivar. According to the central bank, the first auction of its new DICOM system gave 30,987.5 bolivars per euro, equivalent to around 25,000 per dollar. Venezuela Unveils Official Exchange Rate for Sovereign Bolivar
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