Venezuela's Central Bank (BCV) has recently injected a large amount of US dollars into financial institutions in an attempt to influence the USD/VES exchange rate in the parallel market. Under this intervention policy, the USDT P2P price has sharply fallen from 630 VES to 505 VES, reflecting a narrowing gap between the official market and the informal market exchange rates.
BCV's core intention is to promote currency unification and curb speculative activities driving the parallel market. Market reactions show that the bolívar spot and cash USD are performing relatively strongly, and P2P trans
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