The Central Bank of Venezuela published on Monday the data on accumulated inflation in the country, the first five months of 2023, which amounts to 96.3 %.
The official data from the country's regulatory body lead us to admit the critical reality that the population lives, especially in the sectors…
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Central Bank of Venezuela
Dollar flow in the P2P market in Venezuela has grown by 48 %
The economic situation in Venezuela continues to get complicated, despite optimistic statements about a speedy economic recovery, both official and unofficial data reflect a contrary reality for Venezuelans.
According to the latest figures…
Horacio Velutini: Conapri seeks to help an investment environment in Venezuela
In an interview published by Finanzas Digital and with an optimistic message and full of confidence in a progressive economic recovery for Venezuela, Horacio Velutini, director of the National Council for Investment Promotion (Conapri),…
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 %…
CBV applies strategies to stop the rise of the dollar
The Central Bank of Venezuela (BCV in Spanish) is working on applying measures that seek to prevent the escalation of the dollar against the bolivar.
The board of directors of the Venezuelan institution wants to avoid a greater impact on…
Maduro made economic announcements for Venezuela
Venezuelan President Nicolás Maduro made a series of economic announcements this week, highlighting the creation of a possible cooperation agreement between the country and Colombia.
During the National Council of Productive Economy, the…
Government of Venezuela increased the minimum wage to half a petro
During a speech this Thursday, March 3, Nicolás Maduro announced the increase in the minimum wage to half a petro, which is equivalent to 126.32 bolívares, according to the price presented to date by the Central Bank of Venezuela (BCV) of…
Venezuela ended the year with one-digit inflation
The Central Bank of Venezuela (BCV), in its inflationary figures published last weekend, indicated that this indicator of the country closed for the month of December at 7.6%.
This keeps the Venezuelan inflationary index back in single…
Venezuela starts October with a new monetary cone
From this October 1st, Venezuela implements a new monetary scale and a new cone, which also means the elimination of six zeroes from the local currency that will now become the Digital Bolívar.
According to the Central Bank of Venezuela…
Venezuelan banking will be inactive soon
The vice president of Venezuela, Delcy Rodríguez, reported that from September 30 at approximately 8:00 pm, and until 6:00 am on October 1st, banking activities will be restricted due to currency reconversion.
This was reported by…
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…
CBV increases commissions for different banking operations
The Central Bank of Venezuela (BCV) established between 3% and 4% the commission for withdrawing funds from foreign currency in cash, which will be paid in national currency at the exchange rate of the operation, while the sale of foreign…