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 situation in Venezuela, highlighting the task that he wants to…
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bolívar
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…
José Guerra: “It is necessary to create another currency in Venezuela”
The third monetary reconversion is imminent, but that strategy will not make citizens prefer the bolivar. This was stated by the economist and former deputy José Guerra, who also indicated the need to create a new currency.
According to…
Venezuela will collect taxes through crypto
The Bolivarian Council of Mayors in Venezuela has signed a "National Tax Harmonization Agreement" in accordance with the country's 305 municipalities, which allows city residents to pay taxes and fines using the national cryptocurrency…
Tax reform would seek to overcome economic difficulties in Venezuela
As part of the restructuring of monetary policies, Nicolás Maduro and the National Constituent Assembly are promoting a tax reform that will charge a tax between 5% and 25% on transactions in foreign currencies and crypto assets, thus being…
Monzón and Bolívar were the most awarded series during the PRODU Awards at MIP Cancun
Cancun was the scenario on Thursday, November 21, for the ceremony of the "PRODU Awards 2019", to where the best of content, talent and marketing in the production of Latin American television was recognized.
In this sense, with high…
Nicolás Maduro decrees salary raise of 122.2%
The new monthly salary for Venezuelan workers was fixed on 40,000 bolivars, that is half of the value of petro - which passed form 36 to 80 thousand bolivars - according to Extraordinary Official Gazette number 6,452 dated April 25th.…