🇻🇪 During the weekend, the price of USDT in the P2P alternative market remained below the BCV dollar price. Today the price opens again with a differential of more than Bs. 100, which provides a discount of US$14.8 for every US$100 spent in the country’s businesses. For those doing currency arbitrage, the benefit is around 7.8% after deducting commissions.
The BCV cannot overcome this type of alternative markets because it does not have enough muscle to stop this prolonged bullish run. Continuing to index all government bonds in Bs is a strategy that is not working. The day the BCV or Trump decides to inject US$20 billion into the FX market in a single day, this devastation of the national currency will end. $USDT #venezuela #P2PVenezuela
The BCV cannot overcome this type of alternative markets because it does not have enough muscle to stop this prolonged bullish run. Continuing to index all government bonds in Bs is a strategy that is not working. The day the BCV or Trump decides to inject US$20 billion into the FX market in a single day, this devastation of the national currency will end. $USDT #venezuela #P2PVenezuela