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 will increase from 32 % to 42 % annually. Fixed-term deposit rates will increase from 36 % to 46 % annually, although each bank may offer rates higher than the minimums set by the regulatory body.

With this measure, the Central Bank of Venezuela (BCV) seeks to stimulate savings in bolivars, the national currency, as well as contribute to price stability.

A partir del 15 de septiembre entra en vigencia el ajuste en las tasas de interés bancarias.

¡Todos los depósitos serán remunerados!

Ingresa al enlace para más información https://t.co/NCkDo70z2P pic.twitter.com/2Z246HlB0o

— Banco Central de Venezuela (@BCV_ORG_VE) September 15, 2026

M.Pino

With information from national media and social networks

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La entrada Central Bank of Venezuela announces adjustment of interest rates apareció primero en Bitfinance.

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 significant moderation after the spike in July, when the CPI reached 19.9 %,” according to BCV data.

The August result reflects that the accumulated inflation for the year amounts to 200.1 %, while the year-on-year inflation stands at 534.2 %.

According to the Central Bank of Venezuela (BCV), August saw a recovery in distribution channels, along with less pressure on the foreign exchange market, reflected in a more contained exchange rate fluctuation and more stable prices for goods and services.

The central bank’s data showed the following double-digit monthly increases: housing services (excluding telephone) 12.3 %; communications 11.7 %; transportation 10.3 %; and miscellaneous goods and services 10.1 %.

On the other hand, household equipment increased by 9.6 %, while restaurants and hotels rose by 9.5 %, and housing rentals by 9.2 %. Clothing and footwear registered a 9 % increase, while alcoholic beverages and tobacco, and health services, both experienced increases of 8.9 %.

The smallest monthly increases were observed in the recreation and culture sector (8.4 %), and in the food and non-alcoholic beverages and education services sectors (8.2 %).

Regarding accumulated inflation between January and August, restaurants and hotels led the increases with 212.3 %, slightly above healthcare at 212%. Following these were miscellaneous goods and services (208 %), recreation and culture (204.8 %), clothing and footwear (202.2 %), and communications (201.7 %).

M.Pino

Source: finanzasdigital

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La entrada Venezuela’s inflation in August was 8.9 % apareció primero en Bitfinance.

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 interventions has a component that transcends economics and is linked to the desires of policymakers.”

According to Pérez, the volume sold also depends on factors such as oil revenues, which have benefited from the conflict surrounding the Strait of Hormuz. He added that in the event of a drop in international oil prices, the amounts sold by the Central Bank of Venezuela (BCV) to the foreign exchange market would decrease.

For his part, Crespo noted that “given that the Central Bank of Venezuela itself was discussing figures, we can identify a range between 1.5 and 1.8 billion dollars, depending on market behaviour.”

To date, the economist emphasized, the BCV has injected approximately 9.2 billion dollars into the exchange market. Last July, the supply was 2.2 billion dollars, “and we hope that the market will stabilize and that exchange rate, monetary, and fiscal strategies will be defined to help achieve this. If the structural problems are not corrected, this will truly be a drain on the nation’s revenue,” Crespo warned.

M.Pino

Source: bitacoraeconomica

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La entrada BCV to inject between $1.2 billion and $1.8 billion into the exchange market through December apareció primero en Bitfinance.

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 announcement was made through the BCV’s website and official channels, where it reported on “the National Consumer Price Index (INPC) and its month-on-month variation.”

The inflation variation was due to the two earthquakes that affected the distribution of goods.

 

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The sectors reporting the highest inflation increases were Education (23.9 %), followed by Alcoholic Beverages and Tobacco (21.6 %) and Health (21.5 %); Clothing and Footwear (20.8 %); Housing Rentals (20.2 %); Household Equipment (20.1 %); and Recreation and Culture (20 %).

Below the average, but with price indices higher than in June, were Food and Non-Alcoholic Beverages (19.3 %); Miscellaneous Goods and Services (19.8 %); and Communications (18.8 %).

M.Pino

Source: 2001online

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La entrada Central Bank of Venezuela reports July inflation at 19.9 % apareció primero en Bitfinance.

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, card replacement, instant payments, and other transactions, as indicated in the document:

• P2P and C2P Mobile Payment Fees: For person-to-person (P2P) and business-to-person (C2P) mobile payment services, fees are set between 0.30 % and 2 % of the transaction amount, with a minimum fee of Bs. 14.00, which also applies to instant debits and credits.
• Merchants: They must pay fees between 1.5 % and 2 % for debit card transactions and between 3 % and 5 % for credit card sales. The maximum monthly maintenance fee for point-of-sale equipment belonging to the bank is Bs. 23,771.00.
• Checkbooks: For individuals, the fee for issuing a checkbook of 25 checks increased from Bs. 36 to Bs. 425.
• ATMs and Basic Transactions: Fees for transactions such as inquiries, transaction rejections, transfers, and document issuance increased from Bs. 8 to Bs. 54; a 575 % increase applicable to in-person transactions at branches, our own ATMs, and ATMs of other banks.
• Cash Withdrawals: The fee remains unchanged at 3 % of the amount withdrawn at our own ATMs and 5% at ATMs of other institutions.
• Credit Cards and Cash Advances: The issuance and replacement of credit cards saw a similar increase to that of contactless debit cards, rising from Bs. 491 to Bs. 3,314. The fee for cash advances remains unchanged at 5 % of the total transaction amount.
• Card Replacement: The replacement fee for debit cards in case of theft, loss, or damage increased from Bs. 136 to Bs. 918 (a 574 % increase). The replacement fee for contactless debit cards increased from Bs. 491 to Bs. 3,314 (a 575 % increase).

The Official Gazette also establishes the fee schedule for other transactions, such as payroll deposits, foreign currency transactions, retail operations, purchases abroad, the purchase and sale of securities denominated in foreign currency, and transactions involving special taxpayers certified by the National Integrated Customs and Tax Administration Service (SENIAT).

M.Pino

Source: 2001online

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La entrada Central Bank of Venezuela updates banking fees apareció primero en Bitfinance.

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 2025, when the country received $4.518 billion.

According to the regulatory body, “the balance of payments, which breaks down income by sector, in a context marked by Venezuela’s opening to new investments,” promoted by the United States, which earlier this month indicated that exports reached 1.25 million barrels per day (bpd), the “highest level this Caribbean country has recorded in seven years.”

In this regard, John Barrett, Chargé d’Affaires of the Donald Trump Administration, said at the time that the increase in oil exports “was the result of the three-phase plan of Secretary of State Marco Rubio and the President”; that is, stabilization, recovery, and transition.

M.Pino

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La entrada Oil export revenues from Venezuela reach $5.491 billion in the first quarter apareció primero en Bitfinance.

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 year-on-year inflation rate (April 2025-April 2026) at 612 %, “which also signifies a slowdown compared to the previous month when it reached 650 %.” Data for January shows an average price increase of 32.6 %, followed by 14.6 % in February and 13.1 % in March.

The decline in the Consumer Price Index (CPI) in April is attributed to market interventions aimed at stabilizing the exchange rate.

Thanks to auction mechanisms, it is expected that “approximately $1.3 billion per week will enter the market to continue stabilizing the devaluation of the bolivar and further slowing the rise in prices, according to unofficial sources.”

M.Pino

Source: bitacoraeconomica

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La entrada April inflation in Venezuela closed at 10 % apareció primero en Bitfinance.

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 13.1 % in March, while in February inflation was 14.6% and in January 32.6 %.”

In detail, the transportation sector saw the largest increase last month, with a rise of 15.6 %. Next are: housing services, excluding telephone (15 %), recreation and culture (14.5 %), household equipment, and restaurants and hotels (13.3 %).

 

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Regarding food and non-alcoholic beverages, key sectors for the population’s quality of life, prices registered a 12.6 % increase.

According to the regulatory body, “Venezuela has accumulated twelve months with double-digit inflation rates, with January’s being the highest in that period, as well as the highest in exactly three years.”

One of the main causes for the price increase is the rise in the dollar exchange rate. “The price of the dollar on the official market went from 301.37 to 473.87 bolivars in the first quarter of the year, an increase of 57.2 %, which also represents a 36.4 % devaluation of the Venezuelan currency, the bolivar, against the US dollar.”

On the other hand, the monthly minimum wage has been 130 bolivars since March 2022, and it faces constant erosion due to inflation and devaluation.

M.Pino

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La entrada Prices increased 71.8 % in the first quarter of 2026 apareció primero en Bitfinance.

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 Nazoa, highlighting the effectiveness of the first Masterdebit card launched in Venezuela, Bancamiga has begun a digital campaign across various media outlets to familiarize Venezuelans with this process, which is fast and secure at Bancamiga.

Under the scheme coordinated by the Central Bank of Venezuela (BCV), the foreign currency will be approved by the BCV and credited to the client’s Digital Foreign Currency Account (USD) for electronic use with any Bancamiga Debit Card or by reloading their Prepaid Foreign Currency Card.

Get ready for the auction!

Upon logging into Bancamiga Online and selecting Foreign Currency Transactions, the Private Auction option will appear. Once the client begins the steps to create the foreign currency request order, the system will automatically initiate the opening of the Digital Foreign Currency Account (USD). After accepting the terms and conditions and completing the form indicating the requested amount and exchange rate, the request is finalized.

Once the foreign currency has been allocated, the client can use it immediately by linking their Digital Foreign Currency Account (USD) to any of their Bancamiga Debit Cards or by reloading their Prepaid Foreign Currency Card to make purchases, travel, or pay for services both within and outside the country. The allocation to the USD Digital Foreign Currency Account is done through Bancamiga Online or Bancamiga Suite.

If you’re looking for convenience, freedom, and secure access to your foreign currency, Bancamiga is your best option. Get ready for the auction starting Monday.

We’re sharing the campaign video promoted by Claudio Nazoa:

Information and images provided by Bancamiga Banco Universal

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La entrada Bancamiga launches foreign currency auction apareció primero en Bitfinance.

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 against the US dollar.

According to experts, the increase in foreign currency leads to higher prices, as well as a loss of purchasing power for workers, especially those who are paid in bolívares.

The minimum wage for workers, as well as the amount allocated to pensioners, is 130 bolívares. With the daily update of the official dollar exchange rate published by the Central Bank of Venezuela, this amount decreases as the days go by.

Tensions between Venezuela and the United States, coupled with the South American nation’s internal problems, exacerbate the economic and financial situation, despite the rebound in some industrial sectors and foreign investment in areas such as agriculture, technology, and energy.

M.Pino

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La entrada The bolivar continues to devalue apareció primero en Bitfinance.