"Why do you think 1 Dollar is worth less at the BCV than on Binance P2P? I'm listening to you! 👀"

Today, the exchange rates of the Venezuelan Bolívar show a significant difference:

Official BCV Rate: It is approximately Bs. 125,424 per 1 USD.

Rate on Binance P2P: The price for 1 USDT (the digital dollar) is around Bs. 175.

This creates a significant gap between both prices.

Official Market vs. Free Market: The BCV rate is a price that seeks to reflect the government's economic policy. In contrast, the price on Binance P2P is a free market between individuals, which directly reflects the actual supply and demand for dollars.

Trust in the Currency: The price of 175 Bs. for 1 USDT on Binance P2P may indicate the little trust that people have in the Bolívar to protect their savings from inflation. That’s why they are willing to pay more for a digital dollar.

What do you think? Why do you believe the price of the Bolívar is so different in these two markets?"#bolivares #P2P #dollar #Dolares