BCV Sets Official Dollar Rate at 888.89 Bolívares on Thursday, 29 October 2026 The Central Bank of Venezuela (BCV) announced its official exchange rate for the U.S. dollar on Thursday, 29 October 2026. The rate was set at 888.89 Venezuelan bolívares per U.S. dollar. The BCV calculates the official rate as a weighted average of various market quotations, aiming to provide a more accurate reflection of the bolivar’s value in the domestic economy. The rate is used for a wide range of transactions, from basic consumer goods to other services, and is intended to facilitate economic activity by establishing a common reference point for currency conversion. The BCV’s methodology and the resulting rate are publicly disclosed each day, allowing businesses and consumers to plan payments and financial operations with a clear understanding of the official exchange value.
Article source: El Comercio | Image credit: El Comercio