Venezuelan bolívar–dollar rate jumps nearly 480% as sanctions bite deepens
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Euronews.com
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The tensions between the US and Venezuela are escalating, with stricter sanctions affecting Venezuela's oil trade and causing the local currency to plummet. The official exchange rate has risen dramatically, but most Venezuelans rely on the black market for dollars, where the rate is significantly higher. This disparity impacts daily life, as prices are often set using the black market rate while salaries remain in bolívars, leading to a decline in real incomes. Crypto-based exchanges are becoming a common solution for accessing dollars amidst economic instability, despite claims of economic growth from President Maduro. Teljes cikk (Euronews.com)