Browsing Tag

Central Bank of Venezuela

Venezuela closed 2023 with inflation of 189.8%

The Central Bank of Venezuela (BCV) revealed that the country's cumulative inflation at the end of 2023 was 189.8%. This figure shows a significant decrease of 44.2 points compared to 2022, when inflation reached 234%. During the month of…

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 %…

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…