The Central Bank of Venezuela ordered remuneration of all bank deposits starting this Tuesday, September 15. The decision applies to demand deposits, fixed-term deposits, and checking accounts.
In this regard, demand deposits will have a minimum annual interest rate of 10 %, and savings deposits…
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Central Bank of Venezuela
Venezuela’s inflation in August was 8.9 %
According to the Central Bank of Venezuela, inflation in August reflected a slowdown, reaching 8.9 %.
"This is the second lowest monthly variation reported by the issuing entity in 2016, only behind the 6.3 % recorded in May, and marks a…
BCV to inject between $1.2 billion and $1.8 billion into the exchange market through December
Economists Hermes Pérez and Luis Crespo estimate that the Central Bank of Venezuela (BCV) will inject between $1.2 billion and $1.8 billion into the market through December.
They indicated that "the decision regarding the amount of…
Central Bank of Venezuela reports July inflation at 19.9 %
Inflation for July was 19.9 %, according to the report issued by the Central Bank of Venezuela on August 12. The institution projects a decrease in the indicator, which was accelerated as a consequence of the June 24 earthquakes.
The…
Central Bank of Venezuela updates banking fees
Through Official Gazette No. 46,427, dated July 31, the Central Bank of Venezuela established the new bank fees, effective immediately for all financial institutions in the country.
The new fees apply to bank transfers, check issuance,…
Oil export revenues from Venezuela reach $5.491 billion in the first quarter
Data published by the Central Bank of Venezuela this Monday, June 22, reflects that Venezuelan oil exports reached $5.491 billion during the first quarter of the year.
This figure represents a 21 % increase compared to the same period in…
April inflation in Venezuela closed at 10 %
Data from the Central Bank of Venezuela on the Consumer Price Index (CPI) at the end of April places the indicator above 10 %, representing a slight decrease in inflation compared to previous months.
The regulatory body placed the…
Prices increased 71.8 % in the first quarter of 2026
The Central Bank of Venezuela's report on the price increase for the first quarter of the year places the indicator at 71.8 %.
According to the official figures published on Thursday, April 9, by the BCV on its website, “prices increased…
Bancamiga launches foreign currency auction
Starting this Monday, March 9, Bancamiga opens the curtain on the Auction so that its individual and corporate clients can officially request foreign currency through Bancamiga Online.
With an innovative campaign spearheaded by Claudio…
The bolivar continues to devalue
The bolívar, Venezuela's official currency, continues to experience a marked devaluation that is hitting the population's purchasing power and eroding wages.
As of the end of November, the national currency had lost 8.8 % of its value…
Sundde inspects businesses to verify charges at the official BCV rate
To verify charges in dollars at the official rate of the Central Bank of Venezuela, the National Superintendency for the Defense of Socioeconomic Rights (Sundde) has launched a nationwide operation.
Ver…
Sundde begins inspection of businesses to verify charges in the BCV dollar
The National Superintendency for the Defense of Socioeconomic Rights (Sundde) announced the launch of a nationwide operation to ensure that the prices of goods and services are adjusted to the official exchange rate established by the…