Today: The BCV pressures the parallel dollar with massive currency injections

CoconutWaterBoy · 2026-02-12T05:04:17+00:00

The parallel market in Venezuela has seen a significant drop in USDT P2P, from 630 to 505 VES, due to interventions by the Central Bank, which injected foreign currency into the system. This aims to align the parallel rate with the official rate and reduce speculation. The market dynamics are changing, but the effectiveness of this strategy in the medium term remains uncertain.

CoconutWaterBoy

2026-02-12 05:04:17

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In the past few hours, the black market has experienced a significant decline. The USDT P2P dropped from 630 to 505 VES, reflecting a shift in supply and demand dynamics.

The cause is clear: the Central Bank of Venezuela (BCV) intensified its interventions by injecting a record volume of foreign currency into the banking system. This strategy aims to achieve a specific goal: to force convergence toward the official rate and reduce incentives for speculation in unregulated markets.

The impact on the black market

The pressure is immediate. USDT is trying to adjust to the new market parameters, and the gap between the black market and the official exchange rate is narrowing. The Bolivar and physical currency are gaining ground, while P2P operators are forced to readjust their positions.

What to expect now?

This move suggests that market dynamics are changing. The black market is facing structural pressure that alters the behavior of sellers and buyers. Although some voices advise caution, the BCV’s strategy maintains its momentum. The real test will be whether this intervention can sustain its objectives in the medium term or if the market seeks new adjustment channels.

The reaction in the coming hours will be crucial to understanding the viability of this unification strategy.

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