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The value of one US dollar in Venezuelan hard bolívares (before 20 August 2018) and sovereign bolívares on the parallel (or black) market through time. Vertical lines represent every time the currency has lost 99% of its value, which has happened five times since 2012.
The minimum wage in Venezuela dropped significantly in dollar terms during Maduro's presidency. It decreased from about $360 per month in 2012 to $31 per month in March 2015 based on the weakest legal exchange rate. [80] On the Venezuelan currency black market, the minimum wage was only $20 per month. [80]
The value of one US dollar in Venezuelan bolívares fuertes (before 20 August 2018) and soberanos on the black market through time, according to DolarToday.com. Blue and red vertical lines represent every time the currency has lost 99% of its value.
Other economists, such Ecoanalitica director Asdrubal Oliveros, estimate a less dramatic drop of 30%, depending on how severely the global crisis affects employment.A quarter of Venezuelans ...
According to DolarToday.com, the value of one US dollar in Venezuelan bolívares fuertes on the black market through time: blue and red vertical lines represent every time the currency has lost 90% of its value, which has happened seven times since 2012, meaning that the currency is worth (as of mid-February 2019) 30,000,000 times less than in ...
Real minimum wage in Venezuela has dropped significantly during Maduro's presidency with the minimum wage sinking from approximately $360 per month in 2012 to $31 in March 2015 (applying the weakest legal exchange rate) . [208] At Venezuelan currency black market's values, the minimum wage was just $20 per month. [208]
The black market dollar price has dropped since July, narrowing its gap with the official rate of 980. Chileans, once accustomed to bargain-hunting in Argentina, are now surprised to see the ...
A system of multiple exchange rates was adopted in 1948, the rates ranging from 3·09 to 4·80 per US dollar, and there was a black market. The black market reached a low of 4·98/US$1 in May 1961. IMF parity was revised to 4·45 per US dollar January 18, 1964.