Dollarized💸 Venezuela in the upcoming 📅days 🔥
The behavior of USDT in Venezuela has once again caught attention🫡😳🧐 after a strong correction recorded in the P2P market.📈 🔥In a matter of hours, the quote went from a maximum close to 7️⃣8️⃣0️⃣ bolivars to stabilize around 58️⃣0️⃣bolivars, marking a significant adjustment within a highly sensitive economic environment.
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💥💥💥💥💥💥💥💥💥💥💥💥💥💥
🤫🤔What explains the drop of 🪙🚀USDT in Venezuela?
📈⏰The retreat of USDT in Venezuela responds, largely, to an adjustment after a high-tension episode. 🏦〰️➿
✅The previous increase was driven by a panic reaction to recent political events such as the 🚩🚨capture of 🔗Nicolás Maduro and pressures from the United States🇺🇸, which led to an accelerated demand for digital dollars💸 as a safe haven.🎗️🪙
✅When USDT reached 7️⃣8️⃣0️⃣bolivars, the market began to show signs ✨of overextension. 🧲In this context, the correction towards the zone of 5️⃣ 8️⃣0️⃣bolivars represented a drop close to 27%, interpreted by many as the end of a temporary bubble🫧.
✅The exchange rate differential fell by 27%, and the USDt by 14%, while the BCV rises by 1.36%. Is it the effect of hope and certainty in the exchange market? Let's see if it holds in the long term".
💯The exchange rate gap remains the central problem🤔
📈Despite the drop in USDT, the structural imbalance of the Venezuelan exchange system persists. While the P2P market quotes below 600 bolivars per dollar, the official rate of the Central Bank of Venezuela remains at 330 bolivars.
🚀This difference implies a🏞️ exchange rate gap greater than 7️⃣5️⃣%, a distortion that complicates the operations of formal trade. Businesses that must invoice💢 at the official rate🪵 $ BCV face difficulties in replenishing inventories whose real cost💰💳 is calculated at parallel market values,🤯
.🧐💸THE GOOD ✨✨✨
The US Government has mentioned the dollarization 🪔💸in Venezuela starting in the coming days..For this, Four (4) American Banks🏦 will be transitioning in Venezuela.
It is more obvious that the Central Bank of Venezuela will be at the mercy of the USA, the remarkable transition that will end uncontrolled inflation💰💰💰🏞️💰.🇻🇪💸💸💸💸💯💪👏🚨💢 nine axes of productivity and improvements in the country..
#Dolar 🇻🇪