The counter-attack to the Venezuelan foreign exchange market
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After a strong struggle of years, which led the Venezuelan economy to hyperinflation and parallel exchange rates without any economic logic, but accepted and promulgated by large economic emporiums opposed to the government, for some months the exchange market had entered into a calm and stability that had allowed the leveling of prices.
But in a counter-attack to this, once again large foreign interests have entered the devaluation game and in view of the ineffectiveness of Dólar Today in following the macabre game, new fronts of attack to the currency have arisen.
The merchants that once had great profits with this, are again joining the orchestra and trying to go back to the times when products changed price every 8 or 10 hours, turning workers' salaries into salt and water.
The easing of sanctions and a certain oil opening, as well as the change in the government's economic course, have prompted the piranhas to agitate in search of a piece of the cake, and for that purpose they have been gradually gaining ground by adding to the official price of the dollar some cents that have been unintentionally altering everything.
In relief of Dólar Today emerged Monitor Dólar, who applying an algorithm without scientific support publishes through some social networks a price of the foreign currency that is the product of the price of several pages, with equal criteria without reason, as cambiosRya, a Colombian exchange house located in Bogota or Mkambio, of the same origin, but in Cúcuta, who are the ones that always have the highest exchange rate and cryptocurrency operators such as Yadio, Localbitcoins, Usdtbnb Venezuela, to name a few whose price is based on another market that has nothing to do with the economy managed by the Central Bank.
They obtain in that way a convenient merengada that inflates the price of the US currency in relation to the bolivar and make believe that there are users or big capitals that manage those exchanges regularly.
On Instagram, another piranha called Enparalelovzla, also adds Airtm to the aforementioned and excludes so that the average does not lower the official exchange rate of the BCV and even Dólar Today.
A whole new conspiracy that the government must face since it has started to impact the market prices since, as it has always been, the trader is not satisfied with using the average price, which for today is 5.22 bs, 42 cents more than the official exchange rate, but takes it to 5.5 and even 6 bs per dollar.
Hello @joseph1956, I really liked finding the term "piranha" in your post, I would use it to encompass and define all the large and small "merchants" in our economy who have only speculated on this "disparity" in prices and it is a situation that will be out of control for a long time.
They are, with apologies to the fish of that name, people without morals who take advantage of the weakest.
greetings @jose1956
It is very true the economic situation that happens today in the country and where merchants are a factor that helps this to happen, they always use the highest indicator to charge their products, regardless of the laws or the consumer.
Thank you very much for sharing your publication
And the pirate pages that have no notion of the exchange reality in the country.
Your post was upvoted and resteemed on @crypto.defrag
Hi @Joseph1956.
The truth is that the Venezuelan economy is inescapable, it has been greatly affected in many ways, in addition today more currencies from other countries are used than free circulation currencies in Venezuela, hence the fact that we have the most inexplicable economy in the world.
All economic balances are lost here, because there are inexplicable phenomena,