During the meeting “Current Economic Issues: Dollarization in Venezuela?”, held at the Andrés Bello Catholic University (UCAB), economists María Antonia Moreno, Tamara Herrera, and Ronald Balza concluded that dollarization in the country will require fiscal, institutional, and statistical changes.

Tamara Herrera, director of Síntesis Financiera, pointed out that “any decision regarding the monetary regime must be supported by official data that allows for measuring its effects on businesses, industry, and the formal sector.”

Ronald Balza, dean of the Faculty of Economic and Social Sciences (FACES) at UCAB, highlighted the potential effects of a possible currency replacement on purchasing power. While acknowledging that “dollarization could help contain inflation,” he also warned that “it does not necessarily eliminate losses in real income and that the way the exchange rate is established could create winners and losers among different sectors.” Furthermore, he emphasized the need for transparent data on the Central Bank’s actions and the determination of the real foundations for replacing the bolívar.

In the case of economist María Antonia Moreno, a researcher at IIES-UCAB, her proposal leans toward a bimonetary system, including the legal circulation of both the dollar and the bolívar, which would allow for “reducing some of the risks associated with exchange rate volatility without completely eliminating monetary policy tools.” She warned that “official dollarization would eliminate exchange rate risk, but it would not resolve Venezuela’s external vulnerability. Furthermore, it would require the country to maintain sufficient international reserves to guarantee liquidity and would entail relinquishing instruments such as monetary policy, seigniorage, and the Central Bank of Venezuela’s (BCV) role as lender of last resort.”

In this regard, Moreno emphasized that the country’s current exchange rate regime does not meet the conditions for a bimonetary system, given that it must adhere “to strict fiscal discipline, because otherwise, its exchange rate between the bolívar and the dollar will not be credible.”

Moreno insisted that it is urgent to modify the institutional framework and restore autonomy to the Central Bank of Venezuela (BCV), in addition to establishing limits on public spending and state debt.

M.Pino

Source: elnacional

(Reference image source: Freddie Collins on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Economists warn of conditions for dollarization in Venezuela apareció primero en Bitfinance.

The CEO of Empresas Polar, Lorenzo Mendoza, stated that Venezuela has formally entered a new phase of economic reconstruction in which the private sector and free enterprise will play a leading role, following the exhaustion of the statist economic model.

The statements were made during the presentation of the “1,000 Companies” program, a strategic initiative developed by Empresas Polar with the objective of offering technical training, continuing education, and comprehensive financing schemes to various productive projects nationwide, according to a report by the publication Banca y Negocios.

Mendoza emphasized the urgent need to move beyond self-employment or the informal subsistence economy and decisively advance toward “an organic entrepreneurial development process,” one that allows for the consolidation of formal, technically sound, sustainable businesses with the capacity for scalability in the market.

During his address, the business leader also analyzed the profound structural distortions that still constrain the operation of the Venezuelan productive sector, placing particular emphasis on the paralysis of credit.

“In Venezuela, there are many banks, but there is no banking system,” Mendoza lamented, demanding the establishment of financial mechanisms that reopen investment credit and the flow of working capital — essential factors for reactivating an industrial sector that was severely decapitalized after being unable to withstand “the blow of inflation and the market downturn.”

Faced with this situation, Mendoza urged the construction of a business ecosystem with a genuine social purpose, capable of combining innovation with technical rigor to overcome the shortcomings of the economic environment.

Finally, he reaffirmed his conviction about the country’s direction, stating: “I have no doubt that we are in a new stage, and I also have no doubt that every Venezuelan who thinks about the future is reflecting on this,” reiterating that technical training, capital investment, and the creation of business opportunities are the definitive path to overcome the past model.

With information from DOBLELLAVE

(Reference image: Vitaly Gariev on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Lorenzo Mendoza asserts private enterprise will lead Venezuela’s new stage apareció primero en Bitfinance.

The US Federal Reserve decided to raise interest rates to the 3.75 %-4 % range in a scenario characterized by high inflation.

This is the Fed’s first rate hike since July 2013 and one of the most controversial decisions by the new chairman of the agency, Kevin Warsh.

The rate increase could “intensify the differences with President Donald Trump, who has publicly pushed for lower rates.”

BREAKING: The Federal Reserve unanimously raised interest rates by a quarter percentage point and penciled in an additional hike later this year.

Follow our coverage for live updates ⤵️ https://t.co/Ii2fx5RPVG

— Bloomberg (@business) September 16, 2026

Projections point to a further increase before the end of 2026, although indicators such as inflation, employment, consumption, and financial conditions in the coming months will be crucial.

M.Pino

Source: diariobitcoin

(Reference image source: Joshua Hoehne on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada The Fed raised rates to 3.75 %-4 % as inflation continues to rise apareció primero en Bitfinance.

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

(Reference image source: archive)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

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

(Reference image source: Aaron Lefler on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

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

Data from the Central Bank of the Dominican Republic shows year-on-year economic growth of 4.6 % in July, thanks to strengthened monetary and fiscal policies, as well as key sectors of national industry.

According to the central bank, this economic growth was bolstered by “sectors such as financial services, construction, free zone manufacturing, and the hotel, bar, and restaurant market.”

Other factors that also contributed to the Central American country’s economy included education, “transport and storage, professional services, agriculture, and energy and water.” Mining, however, contracted by 15.9 % due to a decrease in gold and silver extraction volumes.

Regarding the year-on-year growth of financial activities, insurance, and related activities in July, the regulatory body indicated that it was due to the “8 % expansion of credit directed to the private sector and the increase in fees charged by financial institutions.”

M.Pino

Source: bancaynegocios

(Reference image source: Carlos Cruz on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Dominican Republic’s year-on-year growth reached 4.6 % in July apareció primero en Bitfinance.

Japan announced on Wednesday, August 26, a plan to diversify its crude oil sources in order to reduce its dependence on the Strait of Hormuz. The plan includes working with Middle Eastern countries to build pipelines.

According to the Nikkei business daily, “the energy measures include subsidies for companies that purchase crude oil and refined products such as naphtha without passing through the Strait of Hormuz, to offset the increased transportation costs.”

The Japanese government’s search makes more sense than ever, considering that 90 % of its crude oil imports come from the Middle East.

In this regard, the archipelago is currently exploring alternative routes to obtain crude oil, including loading tankers at the port of Fujairah in the United Arab Emirates (UAE) or the port of Yanbu in Saudi Arabia, as well as considering other sources such as the United States, Algeria, and Peru.

“Under the direction of the state-owned Japan Oil, Gas and Metals National Corporation (JOGMEC), the plan also includes undisclosed financial aid to fund the construction of pipelines in the Middle East.”

M.Pino

Source: swissinfo

(Reference image source: Jason Rost on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Japan to seek other crude oil suppliers apareció primero en Bitfinance.

The Center for Documentation and Social Analysis of the Venezuelan Federation of Teachers (Cendas-FVM) reported that the cost of the basic food basket for families exceeded 516,000 bolivars in July.

According to the agency’s data, the amount represents a 15.8 % increase compared to June, when the CAF (Costa Rican Food Bank) stood at 446,304.53 bolivars.

The items that experienced the greatest price increases are: sugar and salt (+33.07 %), coffee (+28.86 %); milk, cheese, and eggs (+18.75 %); fats and oils (+26.87 %); and roots, tubers, and other produce (+31.08 %).

The Cendas study includes the cost of bottled drinking water, due to the ongoing supply problems, which amounts to an estimated $13.52 for consumption.

M.Pino

Source: descifrado

(Reference image source: Marjan Blan on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada Cost of the basic food basket in July exceeded 516,000 bolivars 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.

 

Ver esta publicación en Instagram

 

Una publicación compartida por Últimas Noticias (@unoticias)

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

(Reference image source: file)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

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

The Rhine has reached its critical level due to the drought, a situation that is having a direct impact on the German economy, as companies are reducing merchant ship traffic on the river.

The waterway still accounts for 5 % of freight transport in the European country, but the river level has dropped by more than 40 centimeters; that is, the minimum level for standard merchant ships, according to the Federal Waterways and Inland Waterways Administration (WSV).

“According to local media, in recent weeks, transport companies have significantly reduced their loads along the Rhine, in many cases to a fifth of their usual capacity.”

The discussion centers on bulk materials, such as iron ore, coal, sand, and petroleum products, representing approximately 3.28 billion tons. In a critical scenario, the drought could render the waterway impassable, effectively dividing it in two. “This would create two separate zones. On one side, maritime traffic would continue between the North Sea ports — Amsterdam, Rotterdam, and Antwerp — and the Cologne region via the Rhine and the canal network in western Germany.”

The impact on the German economy if the Rhine were to be divided in two by drought would be significant, as the country might lack the capacity to transport the tonnage of goods carried by ships via the Rhine by truck and other means. Furthermore, this process would increase costs for the government.

M.Pino

Source: dw.com

(Reference image source: Joshua Kettle on Unsplash)

Follow our news on Google! For current, interesting, and accurate information, click here to see all the content on Bitfinance.news. You can also find us on X/Twitter and Instagram

La entrada German economy threatened by low Rhine levels apareció primero en Bitfinance.