On February 24, 2025, the official exchange rate of the dollar in Venezuela was 63.41 bolívares, as reported by the Banco Central de Venezuela (BCV). This comes amidst political uncertainty following Nicolás Maduro's third-term inauguration. The parallel market rate was significantly higher at 4 million bolívares, tracked via platforms like DolarToday and Monitor Dólar. Venezuela also introduced the Bolívar Digital to stabilize the currency by removing six zeros from the existing bolívares. Maduro's inauguration began at 12:00 PM local time, with candidates including Nicolás Maduro, Edmundo González, and others participating in the recent elections.