Venezuela increased the Tax Unit value

The National Integrated Service of Customs and Tax Administration (Seniat) of Venezuela adjusted the value of the Tax Unit from 9 to 43 bolivars. This was reflected in Official Gazette No. 43,140, ​​dated June 2, 2025. The value of the…

Foreign currency transactions decrease in Venezuela

Economist Asdrúbal Oliveros, managing partner of Ecoanalítica, recently indicated in a radio interview that foreign currency transactions in Venezuela have decreased to 16 %, while 84 % are made in bolivars, the local currency. According…

Banks will remain closed this Monday, June 2nd

Bank branches will remain closed this Monday, June 2nd, for the Ascension of the Lord religious holiday, according to the calendar of the Superintendency of Banking Institutions of Venezuela (Sudeban). Venezuelans will be able to use…

Chevron to keep minimal activities in Venezuela

The US oil company Chevron will be able to carry out minimal operations in Venezuela after obtaining the necessary authorization, which clearly establishes the prohibition on operating oil fields in the South American country, exporting its…

OPEC to maintain production cuts until 2026

This Wednesday, during the 39th plenary meeting of ministers of the Organization of the Petroleum Exporting Countries (OPEC), the organization ratified the reduction in crude oil production until December 31, 2026. Furthermore, "the…

Sudeban issued alert on new fraud schemes

The Superintendency of Banking Institutions (Sudeban) of Venezuela warned citizens about the increase in digital fraud, urging users to remain vigilant and implement appropriate safeguards to avoid falling victim to scams. Through an alert…