Browsing Tag

Venezuela

OVF: Annualized inflation in May reached 229 %

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…

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…

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…