The parallel dollar in Venezuela experiences a significant shift today. The USDT P2P has dropped from 630 to 505 VES, marking a substantial decline in the informal market. The reason behind this movement lies in the BCV's decision to inject a record volume of US dollars into the banking system, aiming to pressure the convergence of rates and reduce speculation in the informal markets.

With this strategy, the USDT price is pushed toward the official rate, narrowing the historic gap between the two quotes. The physical bolívar and the formal market gain ground. The change in the parallel dollar reinforces the trend toward greater short-term exchange rate stability. However, the effectiveness of this intervention will depend on how the availability of foreign currency evolves and market expectations. P2P operators face a new scenario where deflationary pressures are evident, suggesting ongoing adjustments in the coming weeks.