LatinNews Regional Monitor: Andean Group - 3 September 2019

* Venezuela’s central bank (BCV) has published the latest official exchange rate, indicating that US$1 is equal to BS$22,186.89. This means that Venezuela’s national minimum monthly salary of BS$40,000 has for the first time fallen below US$2 even after its latest increase decreed on 25 April. Venezuela’s currency has depreciated rapidly, last month the BCV reported that the exchange rate was equivalent to BS$10,731.11/US$1.

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