The main difference lies in their regulatory origin and the market where they form: the BCV dollar is the official rate set by the Central Bank of Venezuela, which governs the country's formal banking and commercial system, while the parallel dollar emerges from supply and demand in the country's unofficial or informal market.
Key Differences
- BCV Dollar: Mandatory for banking operations, tax matters, tariffs, and formal commercial transactions.
- Parallel Dollar: A reference indicator from the informal market that tends to fluctuate above the official rate set by the State.