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DolarToday Venezuela: What’s the dollar price TODAY, Thursday, December 3, 2020 USD Dollar Monitor Exchange Rate for Venezuelan Bolivars Interbanex Nicolás Maduro Coronavirus COVID-19 NNDC | ECONOMY


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The exchange rate in Venezuela fell in this Thursday’s session after reports that Venezuela’s oil exports nearly doubled in November compared to the previous month, driven by new client-related purchases of a company from Russia in the middle of sanctions. from the United States, according to data from the company and Refinitiv Eikon.

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At the opening, the exchange rate It was located at 999,630.72 sovereign bolivars, a fall of 5.07% compared to 1,050,374.91 units in the previous session, according to the portal DolarToday.

In October, long-term clients of state oil company PDVSA suspended exchanges of Venezuelan crude for fuel at Washington’s request, causing a sharp fall in exports, but in November a growing group of new buyers stepped in to bring Venezuela Exports close to the average level this year, the data showed.

A total of 24 ships left Venezuelan waters last month carrying about 639,000 barrels per day (bpd) of raw and refined products, up from the 360,000 bpd exported in October, according to the data.

The main destination of exports was Asia, where the transhipment of Venezuelan crude between offshore tankers often takes place before the oil reaches its final destination, mainly China.

More than half of Venezuela’s exports were received in November from new buyers such as Xiamen Logistic Grass, Olympia Stly Trading, Zaguhan & Co, Karaznbas, Kalinin Business International and Poseidon GDL Solutions, the data revealed. These clients were registered in Russia this year by OGX Trading, which is based in Moscow.

With information from Reuters

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