I just checked the movements in P2P and things are getting interesting. The USDT that was trading around 630 VES is now at 505. The drop is significant, but it makes sense: the BCV injected a record volume of dollars into the banking system this week. Clearly, it’s a coordinated move to push the parallel dollar price today toward the official rate.

What’s happening is that when there’s more dollar supply in the banks, people have less need to turn to P2P. The effect is immediate: the USDT P2P price drops because demand is redistributed. The gap between the official and parallel rates is closing, and that’s exactly what the BCV is aiming for.

For those operating in P2P, this means the game has changed. It’s not a time to panic sell, but you need to stay alert. The bolívar and physical dollars are gaining traction. If the BCV maintains this liquidity injection, the parallel dollar price today could continue to adjust downward in the coming days. The question is whether this strategy holds or if the market finds another equilibrium. Meanwhile, P2P is readjusting and spreads are narrowing. We need to monitor how the market responds to upcoming movements.