The Superintendency of Institutions of the Banking Sector of Venezuela (Sudeban) issued a circular through which it announced that the requirements for natural persons to open a bank account in bolivars will be made more flexible.
With respect to accounts in foreign currency, particularly in…
Read More...
Browsing Tag
bolívar
Inflation in Venezuela was 1.7 % in January according to BCV
Venezuelan inflation was 1.7 % in January, a decrease of 0.7 points compared to December 2023, reported the Central Bank of Venezuela (BCV).
With this figure, the country accumulates four consecutive months of slowdown in the increase in…
Price of the BCV dollar this Monday, February 5
The price of the official dollar closes this Monday, February 5, at 36.25, according to the publication of the Central Bank of Venezuela.
The daily variation of the exchange rate in the US currency with respect to the bolivar, the national…
Price of the BCV dollar established this Tuesday, January 30
The official dollar in Venezuela closes this Tuesday, January 30, at 36.20 bolivars, according to the publication of the Central Bank of Venezuela on its website.
Tomorrow, Wednesday, January 31 will be published the variation in the price…
Quote of the official dollar in Venezuela for this Monday, January 29
This Monday, January 29, the dollar stands at 36.14 bolivars, according to the official publication of the Central Bank of Venezuela, at the close of the day.
The exchange rate for buying and selling is published on its website daily by…
Devaluation of the bolivar against the dollar in the first semester was 37.34 %
The rise of the US dollar in Venezuela only accentuates the devaluation of the bolivar, the local currency, which has lost 37.34 % of its value between January and June.
On Friday, the official dollar rate, according to the Central Bank of…
Maduro wants a stable exchange system
Venezuelan President Nicolás Maduro recently assured in an interview that he intends to create a stable exchange system.
In a conversation with the Spanish journalist and writer, Ignacio Ramonet, the president spoke about the economic…
The bolivar has suffered a devaluation of 44 %
Taking as a reference the value of the dollar for mid-September, located at 8.02 bolívares, a devaluation of the Venezuelan currency is estimated at 40 %.
The US currency, on the other hand, has shot up in the market, leading to a 3 %…
More than 600 young people joined the Educational Network for Sustainable Entrepreneurship
The civil association Opción Venezuela will present this coming June 8 the results of its Educational Network for Sustainable Entrepreneurship program. Its execution is possible thanks to the Social Investment Fund, the flagship program of…
Hyperinflation boosts the use of cryptocurrencies in Venezuela
Venezuelan citizens currently use dollars, euros, Colombian pesos for their transactions. Cryptocurrencies also have an important use in the market to cancel products and services as a result of the loss of value and confidence of the…
National executive could establish a multi-currency system
The economist Ronald Balza explained during a radio interview that the national executive should allow the Venezuelan financial system to have various products that facilitate financial intermediation.
According to Balza, the government…
BCV announces new currency reconversion in Venezuela
The Central Bank of Venezuela (BCV) announced that as of October 1st, the Bolívar Digital will come into effect in Venezuela, which implies a monetary reconversion.
The Venezuelan agency detailed through a statement that the new monetary…