The monthly inflation rate in Venezuela stood at 26 % last May, according to the Venezuelan Finance Observatory report. In April, the Venezuelan Finance Observatory placed this indicator at 18.4 %.
According to the independent entity, the increase in monthly inflation was due to the rise in the…
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Venezuela
Venezuela signs cybersecurity agreement with 11 nations
During the 79th session of the United Nations General Assembly, a cybersecurity agreement was announced between Venezuela, Russia, Cuba, Iran, North Korea, Nicaragua, Belarus, Burkina Faso, Egypt, Iraq, Kyrgyzstan, and Laos.
The signing of…
Municipal elections in Venezuela will be held on July 27
Venezuela will hold municipal elections on July 27, according to the announcement made by the president of the National Electoral Council (CNE), Elvis Amoroso, on Wednesday, June 4.
He added that for these elections, nominations for…
Venezuela’s oil production exceeds 1 million barrels per day
Venezuelan Vice President Delcy Rodríguez indicated that the country's oil production remains above 1 million barrels per day.
This statement was made by the Minister of Hydrocarbons during a working meeting with the Council of Vice…
Venezuela increased the Tax Unit value
The National Integrated Service of Customs and Tax Administration (Seniat) of Venezuela adjusted the value of the Tax Unit from 9 to 43 bolivars.
This was reflected in Official Gazette No. 43,140, dated June 2, 2025.
The value of the…
Sundde inspects businesses to verify charges at the official BCV rate
To verify charges in dollars at the official rate of the Central Bank of Venezuela, the National Superintendency for the Defense of Socioeconomic Rights (Sundde) has launched a nationwide operation.
Ver…
Foreign currency transactions decrease in Venezuela
Economist Asdrúbal Oliveros, managing partner of Ecoanalítica, recently indicated in a radio interview that foreign currency transactions in Venezuela have decreased to 16 %, while 84 % are made in bolivars, the local currency.
According…
Banks will remain closed this Monday, June 2nd
Bank branches will remain closed this Monday, June 2nd, for the Ascension of the Lord religious holiday, according to the calendar of the Superintendency of Banking Institutions of Venezuela (Sudeban).
Venezuelans will be able to use…
Sudeban issued alert on new fraud schemes
The Superintendency of Banking Institutions (Sudeban) of Venezuela warned citizens about the increase in digital fraud, urging users to remain vigilant and implement appropriate safeguards to avoid falling victim to scams.
Through an alert…
Third National Popular Consultation to be held on July 27
This Monday, during the 80th episode of "Con Maduro +," Venezuelan President Nicolás Maduro confirmed that the third National Popular Consultation will take place on July 27.
In this televised broadcast, the president emphasized that this…
Bancamiga Mobile: Two years banking Venezuelans
Bancamiga Mobile has been traveling across the country for two years, reaching more Venezuelans. These operations have been carried out in 128 states, allowing Bancamiga to offer its financial products and services in cities, towns, and…
CNE announced victory for the government party in elections this Sunday, May 25
During the parliamentary and regional elections in Venezuela this Sunday, May 25, the government party won the majority of seats. The Vice President of the National Electoral Council announced that the ruling party won 40 of the 50 seats in…