The mining of digital currencies and their commercialization allows Venezuelan people to get significant gains in currencies and opportunities to preserve the value of money.
The increase in production and transactions with cryptoactives are increasing amid the loss of the purchasing power of the…
Read More...
Browsing Tag
hyperinflation
Venezuelan liquidity registers its lowest weekly rise
According to these data, the increase in the amount of money in circulation accumulates two weeks in less than two digits. This behavior was not evident in the country since March due to blackouts and electricity rationing.
However, so far…
Venezuelans subsist with a monthly salary under $ 6
Life quality in Venezuela has decreased drastically in recent months due to a political, economic and social crisis. At present, the population survives with a monthly income of less than $ 6.
Deputy José Guerra, from the National…
Seniat adjusts the value of TU to 50 Bs
The Tax Unit (TU) in Venezuela was set at 17 Bs in September 2018, so the increase represents 194.11%, while the inflation estimated by the National Assembly reached 348.2% during January and February 2019.
The value of the Tax Unit, now…
Inflation in Venezuela reached 53% in February
Inflation in Venezuela showed an atypical behavior in February when compared to other months. Deputy José Guerra indicated that for that period of time that indicator was at 53%.
However, it does not mean that Venezuela has emerged from…
Money exchange offices start selling foreign currency in Venezuela
In September 2018, the Venezuelan government approved the sale of foreign currency to individuals through exchange houses. However, the interested parties had to wait until the publication of the resolution by the Central Bank through the…
Washington announces new restrictions against PDVSA
On Monday, the US Treasury Department announced the inclusion in its list of organizations blocked to the state oil company Pdvsa based on what is known as "national emergency powers."
The decision aggravates the political, economic and…
The acceleration of hyperinflation in Venezuela will continue
According to the International Monetary Fund (IMF) in Venezuela, hyperinflation is expected to continue and exceed 10,000,000% in the year that is just beginning. On the other hand, the accumulated contraction of the economy already exceeds…
Venezuela works on the installation of the first ATM for bitcoins
In an interview recently given to the Venezuelan Union Radio, the director of CryptoBuyer (Panama) Jorge Farias revealed that Venezuela could soon have the first ATM for the purchase of bitcoin.
Farías said that the conditions are in place…
Intelinvest remains at the forefront of financial advice
The emergence of new financial markets and the search for economic protection have driven the development of innovative spaces, tools and investment strategies. Over the past few years, the Intelinvest brokerage house has positioned itself…
Villalón: The country needs to encourage private production and diversify exports
Venezuela suffers high levels of hyperinflation and recession that have played against economic stability affecting the productive sectors, and consequently, limiting the subsistence capacities of citizens, but this is a problem with…
President of Venezuela increases minimum salary and value of petro
After a period of 100 days after the last announcements about salary adjustments and anchoring of the monthly income of workers to half petro, that is to say 1,800 "bolívares soberanos", the president of Venezuela Nicolás Maduro announced…