The Daily Journal.- The Central Bank of Venezuela (BCV) will raise the minimum interest rates that banks must pay on deposits starting Sept. 15, in a move aimed at making savings in bolivars more attractive and strengthening monetary policy transmission. Under the new rules, all bank deposits will earn interest, including funds held in checking […]
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The Daily Journal.- Vargas Hospital in Caracas received medical equipment and supplies from the U.S.-based organization Project C.U.R.E. as part of a nine-ton shipment valued at nearly $750,000. U.S. Chargé d’Affaires in Caracas John Barrett announced the donation. They said the shipment includes surgical, trauma, and gynecological equipment, as well as patient transport materials, respiratory […]
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The reform of the Organic Hydrocarbons Law reduced the National Assembly’s role in approving oil deals. At the same time, the technical terms of the agreement announced between Venezuela and the United States remain unpublished. Legal scholar Mariana Campos warns that parliamentary oversight has not disappeared; it must be exercised over implementation. Neirlay Andrade The […]
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The Daily Journal.— Authorities relocated more than 86,000 students to different schools in Caracas and other Venezuelan states due to damage caused by the earthquakes that struck on June 24, acting President Delcy Rodríguez said Monday during the start of the new academic year. “We relocated them so that everyone can attend classes,” Rodríguez said […]
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The Daily Journal.— Former Venezuelan Industries Minister Alex Saab plans to plead guilty Tuesday before a federal court in Miami in a money laundering case involving government food-import contracts, The Associated Press (AP) reported. Saab, 54, will appear before U.S. District Judge Kathleen Williams for a change-of-plea hearing, according to court records cited by AP. […]
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The Daily Journal.- A Venezuelan delegation led by Hydrocarbons Minister Paula Henao will attend the G20 energy summit in Houston, Texas, at the invitation of the Trump administration. PDVSA Executive Vice President Jovanny Martínez will also attend the meeting, which will bring together energy ministers from the world’s leading economic powers. The delegation will participate […]
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The Daily Journal.— The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) expanded its authorization Monday to allow certain U.S. companies to conduct transactions with Petróleos de Venezuela (PDVSA) and its majority-owned subsidiaries, marking another easing of the sanctions framework governing operations with Venezuela’s oil sector. General License 52C, which OFAC issued on Sept. […]
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The Daily Journal.— Venezuela begins the 2026-2027 school year this Monday, Sept. 14, with more than six million students expected to return to classrooms. The government says 27,000 educational institutions are ready to welcome them, while the Venezuelan Federation of Teachers (FVM) warns about infrastructure deficiencies, low salaries and the loss of labor benefits. Students […]
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The Daily Journal.- The opposition delegation from Venezuela’s 2015 National Assembly, led by Dinorah Figuera, returned to Caracas from Madrid to begin a second round of negotiations with the Delcy Rodríguez administration as part of a U.S.-backed dialogue process aimed at establishing a roadmap toward a democratic transition in Venezuela. Upon her arrival, Figuera said […]
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The Daily Journal.- U.S. President Donald Trump said Sunday that Washington could maintain its presence in Iran and benefit from the country’s oil resources, as it did in Venezuela. “Eventually, we’ll get out (of Iran), unless we decide to stay and keep the oil, like in Venezuela. You don’t hear about Venezuela anymore, do you? […]
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