Majeed KSA
@majeed66224499
VES is the currency code on FOREX.
VES is (VE)nezuela (S)eberanos.
Meaning 100 digitales is 100 millions soberanos.
So if the rate changes on forex.
It will be for VES (soberano).
Example:
VES $0.52
and you have
100 digitales (100 million soberanos)
Meaning
100 million X $0.52 = 52 million U.S. Dollar
Today the treasury allowed the issuance of Venezuela general license for debt restructuring.
Venezuela is being allowed to get professional help to prepare a plan to reorganize its debts.
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Restructuring debt = Better economy = Better currency rate.
On the US treasury website.
On October 1, 2021.
VES (VE)nezuela (S)oberanos.
Was at the rate of $0.2437.
1 VES = $0.2437
Also, guess what?
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This rate was one month after Venezuela issued digitales.
Digitales was issued on September 2021.
Source(s):
• https://x.com/majeed66224499/status/2051738560512840158
• https://x.com/majeed66224499/status/2051761441074483522
• https://x.com/majeed66224499/status/2051846042346234294
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