The black market for US dollars in Venezuela reached a new
high on Tuesday, September 29, when the exchange rate for the nation’s currency
rose to 816 Bs. The price marks an increase of 371 percent from the start of
2015. With the jump, the average monthly income for Venezuelans now sits at
US$9. The new value of the parallel currency is published by DolarToday, the
only reference site that publishes the value of the US dollar in Venezuela. It
calculates the exchange rate based on the operations that take place in the Colombian
city of Cúcuta, on the border with Venezuela. More… 
Thursday, October 1, 2015
Venezuela’s Largest Banknote Now Worth 12 US Cents
The black market for US dollars in Venezuela reached a new
high on Tuesday, September 29, when the exchange rate for the nation’s currency
rose to 816 Bs. The price marks an increase of 371 percent from the start of
2015. With the jump, the average monthly income for Venezuelans now sits at
US$9. The new value of the parallel currency is published by DolarToday, the
only reference site that publishes the value of the US dollar in Venezuela. It
calculates the exchange rate based on the operations that take place in the Colombian
city of Cúcuta, on the border with Venezuela. More… 
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