BCV intensifies intervention in the parallel dollar today in Venezuela with a record injection of dollars

The Central Bank of Venezuela (BCV) has executed an unprecedented strategy in the foreign exchange market, injecting a historic amount of dollars into the banking system. This measure aims to reverse speculation in the parallel market and bring reference prices closer to the official rate set by the monetary authority.

USDT P2P drops significantly: from 630 to 505 VES

In recent hours, the price of USDT in P2P transactions has experienced a notable contraction, falling from 630 VES to 505 VES. This decline directly reflects the impact of the liquidity injection in dollars by the BCV. The movement demonstrates how the availability of foreign currency in the banking system exerts downward pressure on prices in the parallel market, disrupting dynamics that had favored speculation for months.

BCV Strategy: closing the exchange rate gap through liquidity injection

The BCV’s action responds to a clear objective: unify quotes and eliminate speculative arbitrage. By increasing the supply of dollars in the financial system, the monetary authority seeks to reduce the gap between the official rate and the parallel dollar in Venezuela today. The strategy aims to discourage speculative operations and channel trade through official channels.

Implications for the P2P market and the physical bolívar

The effects of this intervention are projected across multiple dimensions of the foreign exchange market. The bolívar (VES) and the physical US dollar gain prominence as the USDT P2P recalibrates. Operators in the parallel market face a scenario where hasty decisions can be counterproductive. Analysts suggest monitoring whether this BCV strategy manages to keep pressure on speculation or if the market finds new equilibria in the coming days.