Venezuela Raises Official Dollar Rate and Introduces Higher Public Transport Fares

The Central Bank of Venezuela (BCV) announced that the official exchange rate for the U.S. dollar will be set at 567.68 bolívars on Tuesday, June 9, a rise of about 0.78% from the previous day and reflecting a 90% increase over the past year. The euro was also reported at 655.38 bolívars. The adjustment comes amid a year‑to‑date depreciation of the bolívar, which has lost roughly 45% of its value against the dollar on the official market.

Separately, the state of Anzoátegui implemented a new public‑transport fare structure starting June 1. The minimum urban fare was fixed at 140 bolívars (approximately US$0.25) and will be indexed each month to the BCV’s official rate. Commuters in the metropolitan area of Barcelona, Puerto La Cruz, Guanta and Lechería expressed concerns that higher prices should be matched by improvements in vehicle condition and service quality. Drivers and users also called for protection of reduced fares for seniors and students.