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5.4
Venezuela BCV Dollar Rate Jumps to 842 Bolivars, Accelerating Depreciation
Efecto Cocuyo·VE·1 day ago
The gap between official and parallel exchange rates in Venezuela remains wide, transferring pressure onto the cost structures of the few surviving businesses. The recent tragedy has compounded the economic strain, though specifics on the tragedy and the exact exchange gap are not provided. This matters as it signals continued economic deterioration and potential for further business closures.