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Central Bank of Venezuela

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 digits, according to the National Consumer Price Index. After…

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…

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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…

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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…

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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…

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Bancamiga Exchange Desk achieved first place in June for volume traded

One of Bancamiga's most widely accepted products has been the Exchange Desk, a financial mechanism that operates as a kind of auction through which currencies can be bought or sold legally and transparently, without intermediaries or…

Business

Bancamiga Exchange Desk allows you to buy or sell currencies without intermediaries or surcharges

The Bancamiga Exchange Desk is a financial mechanism that operates as a kind of auction through which currencies can be bought or sold legally and transparently. Without intermediaries or surcharges, the acquisition and sale of foreign…

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BCV announced the incorporation of three new banknotes

As of this March 8, three new banknotes will be circulating to the current monetary cone, as announced by the Central Bank of Venezuela (BCV) recently. According to the agency, these pieces will be those of 200,000, 500,000 and 1,000,000…

Maduro bets on the digitization of the economy

The President of Venezuela, Nicolás Maduro, reported on his plans to implement the use of a "digital Bolivar" in the country. Despite not offering further details, the national president indicated that "there is a good surprise for the…

Business

Bancamiga Exchange Desk registers upturn thanks to the trust of its clients

The Exchange Desk is a legal way to acquire foreign currency in the national market, with total confidence and security for clients, without intermediaries or surcharges. During the transmission of the Conecta2 program, María Esther…

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ABV alerts regarding illiquidity in banks and requests the BCV to review the legal reserve

The Venezuelan Banking Association (ABV) alerted the Central Bank of Venezuela (BCV) about the difficult liquidity situation facing the banking system and requested the revision of the legal reserve rate of 93% and other measures that…

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Electronic transactions and economic digitization are strategic for Venezuela

"In 2021, emphasis will be placed on strengthening electronic transactions and the digital economy", stressed the senior official. Members of Nicolás Maduro's administration participated this Friday, January 8, in a meeting with the…

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