who is Calixto Ortega
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LadyCripto_Hold
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Bearish👀 🤓 INFORMATION FOR THOSE WHO DON'T BELIEVE IN THE CURRENCY STABILIZATION IN VENEZUELA 🇻🇪🇻🇪
👉 Under the leadership of Calixto Ortega Sánchez at the helm of the Central Bank of Venezuela (BCV), 2022 was recorded as the most stable year for the dollar in the post-2020 period.
During this time, the BCV dollar and the parallel dollar
moved almost in tandem, with minimal divergence over several months. A rare technical and political achievement in recent Venezuelan economy:
— The BCV sustained and disciplined intervention in the foreign exchange market.
Sales of foreign currency to banks were strengthened, reducing speculative pressure.
—
The exchange rate showed smooth, controlled, and predictable fluctuations, especially between the first and third quarters.
—
The parallel market lost its prominence as the primary benchmark, yielding space to the official rate.
Result in 2022:
Relative stability of the dollar, reduced volatility in prices, and a currency truce that the market still remembers.
Current scenario:
With Calixto Ortega recently appointed head of the economic area, familiar signs are beginning to emerge:
the BCV dollar rises while the parallel dollar falls, a movement clearly echoing the strategy applied in 2022.
For analysts, this behavior reinforces a positive interpretation of his appointment and signals an attempt to rebuild the currency alignment, with the official rate once again absorbing the parallel market.
Message to the market:
The architect of 2022's stability is back.
🤔 THE QUESTION NOW IS WHETHER THE CURRENT CONTEXT WILL ALLOW REPEATING THIS ACHIEVEMENT?
RESPOND IN THE COMMENTS 📝
#P2PVenezuela
👉 Under the leadership of Calixto Ortega Sánchez at the helm of the Central Bank of Venezuela (BCV), 2022 was recorded as the most stable year for the dollar in the post-2020 period.
During this time, the BCV dollar and the parallel dollar
moved almost in tandem, with minimal divergence over several months. A rare technical and political achievement in recent Venezuelan economy:
— The BCV sustained and disciplined intervention in the foreign exchange market.
Sales of foreign currency to banks were strengthened, reducing speculative pressure.
—
The exchange rate showed smooth, controlled, and predictable fluctuations, especially between the first and third quarters.
—
The parallel market lost its prominence as the primary benchmark, yielding space to the official rate.
Result in 2022:
Relative stability of the dollar, reduced volatility in prices, and a currency truce that the market still remembers.
Current scenario:
With Calixto Ortega recently appointed head of the economic area, familiar signs are beginning to emerge:
the BCV dollar rises while the parallel dollar falls, a movement clearly echoing the strategy applied in 2022.
For analysts, this behavior reinforces a positive interpretation of his appointment and signals an attempt to rebuild the currency alignment, with the official rate once again absorbing the parallel market.
Message to the market:
The architect of 2022's stability is back.
🤔 THE QUESTION NOW IS WHETHER THE CURRENT CONTEXT WILL ALLOW REPEATING THIS ACHIEVEMENT?
RESPOND IN THE COMMENTS 📝
#P2PVenezuela
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