This Thursday, President Nicolás Maduro expressed on the national network the importance of stimulating the financial engine in the country, and with it the need to digitize the economy in the Caribbean country, in order to strengthen the national currency and attract foreign currency.
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Venezuela
NA installs commission to recover the economy in the country
From the Federal Legislative Palace, the National Assembly has installed the new Permanent Commission on Finance and Economic Development, Sovereignty and Integration, with the aim of recovering the country's economy and positively…
Economic digitization would not be viable in Venezuela
According to economist Edgar Urbaez, the ambition of digitizing the Venezuelan economy is "fanciful", for various reasons, including Internet connectivity that turns out to be the slowest in the world and at a time when banking is reduced…
Bancamiga expanded its services to Punto Fijo and expands geographic coverage in Venezuela
Bancamiga Banco Universal extends the offer of products and services to Punto Fijo (Falcón state - Venezuela) with the opening of a Bancamiga Point, in alliance with MRW.
The office is located on Monagas street, between Garcés and Zamora,…
Maduro ratified the go-ahead and defended the use of accounts in convertible currencies
The Venezuelan ruler, Nicolás Maduro, announced during the presentation of his Report and Account before the new Parliament on Tuesday, January 12, that the opening of accounts in convertible currencies, at all levels, will be allowed so…
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…
Venezuelan automotive industry assembled very few vehicles in 2020
The executive president of the Chamber of Venezuelan Manufacturers of Auto Parts (Favenpa), engineer Omar Bautista, pointed out that the reduction of vehicle assembly to almost zero, and the inactivity of the vehicle fleet by 60% due to…
Oil price strengthens after unilateral cut in Saudi production
At the end of trading on the New York Mercantile Exchange (Nymex), WTI futures contracts for February delivery totaled 70 cents from the previous day.
Benchmark crude in the US added another solid rise after Tuesday's sharp rise, rising $…
Venezuela: Labor immobility in the public and private sectors will be in force for two more years
Article 2 of Decree N° 4,414 published in the Extraordinary Official Gazette number 6,611 establishes that “the workers and workers covered may not be dismissed, impaired or transferred without just cause previously qualified by the Labor…
Paraguay corrects the Washington Post on alleged oil negotiation with Guaidó
The Paraguayan government denied having reached an agreement with the Venezuelan opposition leader Juan Guaidó on an outstanding debt of 290 million dollars, contracted for the purchase of oil in 2004, in response to an article by the…
De facto dollarization increases inequality, affirmed José Guerra
According to the deputy of the National Assembly (AN) and economist, José Guerra, the de facto dollarization that is taking place in Venezuela is increasing social inequality by not taking place through official mechanisms.
Guerra…
Maduro will authorize Venezuelan banks to create foreign currency accounts
Venezuelan President Nicolás Maduro announced that his administration will authorize Venezuelan banks to create accounts for payment in foreign currency and reiterated that the country is heading "towards a 100% digital economy."
“We are…