banking sector Archives - The Daily Journal

BCV raises minimum bank deposit rates

September 15, 2026September 15, 2026Tatiana Da GamaLeave a Comment

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 […]

Private banks waive point-of-sale transaction fees for 90 days in La Guaira

July 16, 2026July 16, 2026Tatiana Da GamaLeave a Comment

The Daily Journal. — Three weeks after the earthquakes that struck north-central Venezuela, the Venezuelan Banking Association (Asobanca) announced financial relief measures for businesses in La Guaira state. The banking association reported that about 40% of the 12,300 point-of-sale terminals operated by private banks in the state are currently processing commercial transactions. According to Asobanca, […]