New Legislation HB 999, signed on Tuesday, May 27 in Florida, by Governor Ron DeSantis in Apopka, establishes the use of gold and silver coins in the payment of goods, services, taxes, and other financial obligations, following specific purity standards.

With the signing of this law, Florida will become, as of July 1, 2026, the first state with this payment system.

Governor DeSantis stated: “We will use our authority under the State Constitution to ensure that gold and silver are recognized as legal tender.”

HB 999 also establishes the elimination of the “state sales tax on transactions involving gold and silver coins that meet defined criteria,” which constitutes a significant change in the state’s approach to regulating financial transactions involving precious metals.

M.Pino

Source: infobae

(Reference image source: Roman Manshin on Unsplash)

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The Central Bank of Venezuela publishes on its website the value of the official dollar at the close of business, placing it at 36.45 bolivars.

The update of the exchange rate is established by the regulatory entity on a daily basis at the end of the operations of the exchange desks of the participating banks.

Tomorrow, Tuesday, July 2, the rate of the day that will apply for operations in the national territory will be known.

Atención🔵|| El tipo de cambio publicado por el BCV es el promedio ponderado de las operaciones de las mesas de cambio de las instituciones bancarias. Al cierre de la jornada del día Lunes 01-07-2024, los resultados son:#MercadoCambiario #BCV🇻🇪 pic.twitter.com/ej5JwxfpCh

— Banco Central de Venezuela (@BCV_ORG_VE) July 1, 2024

M.Pino

Source: Central Bank of Venezuela

(Reference image: BCV, file)

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La entrada Price of the BCV dollar this Monday, July 1 apareció primero en Bitfinance.