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Central Bank of Venezuela Building. The Central Bank of Venezuela (Spanish: Banco Central de Venezuela, BCV) is the central bank of Venezuela.It is responsible for issuing and maintaining the value of the Venezuelan bolívar and is the governing agent of the Venezuelan Clearing House System (including an automated clearing house).
Foreign banks have become increasingly unwilling to carry out Venezuela-related transactions amid a raft of U.S. sanctions, meaning the central bank is unable to carry out such foreign exchange ...
Complicating Trump's decision are concerns about immigration, a hot-button U.S. domestic issue, but he has said the U.S. does not need Venezuela's oil. One of Trump's central campaign promises was ...
Venezuela removed eight tonnes of gold from the central bank's vaults last week, and the cash-strapped socialist state is expected to sell the bullion abroad as it seeks to raise hard currency in ...
According to the Central Bank of Venezuela, food prices increased 76.2% between May 2013 and May 2014 [160] with Solomon Centeno, an economist and university professor estimating for The Central Bank's statistics that the annual inflation for food would be above 100%. [161] The Central Bank also recorded a 26.9% shortage of goods in March 2014 ...
Venezuela on Saturday condemned new sanctions that the U.S., Britain, and the European Union imposed the previous day, when the country swore in President Nicolas Maduro for a third term after a ...
The IMF and World Bank have stated their readiness to offer assistance if called upon. [5] [6] Venezuela has nationalized many industries, specifically in oil production, banking, telecommunications, metallurgy and mining. The high price of oil in recent decades allowed the government to embark on ambitious public programs, paid for by oil ...
A massive money-laundering case centered on the alleged theft of more than $1 billion from Venezuela’s state-owned oil company has expanded with new charges accusing a pair of financial asset ...