bolivar 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 […]

National Academy of Economic Sciences warns of dollarization costs and proposes multi-currency regime

September 12, 2026September 12, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- The National Academy of Economic Sciences (ANCE) warned that full and formal dollarization of the Venezuelan economy could quickly curb inflation but would significantly limit the country’s economic policy tools. Instead, it proposed establishing a multi-currency or dual-currency regime. In a document released amid debate over officially adopting the U.S. dollar as […]

Dollar crossing 800 bolivars deepens erosion of Venezuelans’ income

September 3, 2026September 3, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – The official exchange rate broke the 800-bolivar-per-dollar barrier on Wednesday, September 2, reaching Bs. 801.18, according to the rate published by the Central Bank of Venezuela (BCV). The U.S. dollar rose by 2.86 bolivars (0.36%) in a single day after closing Tuesday, September 1, at 798.32 bolivars. The euro also climbed […]

Dollarize without balancing the value of wages?

August 27, 2026August 27, 2026Tatiana Da GamaLeave a Comment

Juan Barreto, Director of The Daily Journal for Venezuela and Latin America In recent days, there has been much talk about dollarization. Congressman Antonio Ecarri put forward this proposal, prompting a strong reaction from National Assembly President Jorge Rodríguez. Dollarization is a policy that very few countries have adopted. As you know, there are 192 […]

Economist Manuel Sutherland points to monetary policy as main driver of inflation

August 19, 2026August 19, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— Venezuela continues to record the world’s highest inflation rate in 2026, and according to economist Manuel Sutherland, the expansion of the monetary base represents one of the main factors driving the acceleration in prices. In his latest analysis, Sutherland estimates that Venezuela’s year-on-year inflation reached 576% between July 2025 and July 2026, […]

Dollar surpasses 600 bolivars, deepening the erosion of venezuelan families’ purchasing power

June 19, 2026June 19, 2026Tatiana Da GamaLeave a Comment

The Venezuelan currency has lost half of its value against the U.S. dollar so far in 2026, while cumulative inflation has climbed above 100% and wages remain frozen. By Neirlay Andrade Venezuela’s official exchange rate crossed the 600-bolivar threshold on Thursday, marking a milestone that threatens to accelerate the erosion of purchasing power for millions […]

Venezuela’s Economic Challenge Depends on Stabilizing the Dollar

June 8, 2026June 8, 2026Tatiana Da GamaLeave a Comment

José Gregorio Yépez Economists who follow Venezuela closely agree that the U.S. dollar exchange rate plays a central role in shaping the country’s current economic reality. Price behavior in Venezuela remains closely tied to fluctuations in the value of the U.S. currency in the local market. As a result, maintaining exchange-rate stability has become a […]