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We are excited to release the dolartoday mobile app. The App is your one-stop location for verified stocks, news, portfolios, market overviews, market updates, market videos, education, e-books, and more.
DolarToday was founded on May 18, 2010. It is headquartered in Miami, Florida, United States. Prior to the election of Nicolás Maduro in 2013, DolarToday was the second most popular exchange rate reference in Venezuela, behind Lechuga Verde. However, when a scandal caused the demise of Lechuga Verde, (Source: en.wikipedia.org Since its inception, DolarToday has provided black market exchange rates that are updated daily for Venezuelans who cannot exchange currencies with the Venezuelan government for the dwindling supply of the US dollar. (Source:en.wikipedia.org))
DolarToday also publishes the implied inflation rate of the Venezuelan bolívar that is based on their currency exchange rates. The implied inflation rate that DolarToday uses is based on information calculated by Steve Hanke of the Cato Institute. (Source: en.wikipedia.org)
DolarToday is used as a reference by several finance websites and medias around the world when it comes to reporting the Venezuelan exchange rate. In 2013, Venezuelan President Nicolás Maduro banned several internet websites, including DolarToday, to prevent its citizens accessing the country's exchange rates. Maduro accused DolarToday of fueling an economic war against his government and manipulating the exchange rate.