Venezuelan bolivar plunges 9.9% in 24h as dollar hits Bs 11

The Venezuelan bolivar depreciated sharply, with the dollar exchange rate jumping from Bs 10.01 to Bs 11.00 in under 24 hours, a 9.9% move. The government has reportedly fixed the rate at Bs 11 until Monday, suggesting administrative intervention. This rapid devaluation signals intensifying currency stress and potential inflationary pressure in Venezuela's already fragile economy.