Banks will remain closed on Monday, June 16

Bank branches in Venezuela will not be open to the public next Monday, June 16, as they will remain closed in observance of the religious holiday of Saint Anthony's Day, which is celebrated today, Friday the 13th. The Superintendency of…

Brazil reverses financial transaction tax

Last month, Brazil enacted a tax on various financial transactions. This Sunday, June 8, the measure was repealed and replaced with another tax package. According to Finance Minister Fernando Haddad, the revenue shortfall resulting from…

OVF: Annualized inflation in May reached 229 %

The monthly inflation rate in Venezuela stood at 26 % last May, according to the Venezuelan Finance Observatory report. In April, the Venezuelan Finance Observatory placed this indicator at 18.4 %. According to the independent entity, the…