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According to a US Department of Defense adviser linked to The Pentagon, the 1.5 billion Bs.F was printed by Venezuela and destined for Bolivia, since unlike the implied exchange rate of thousands of Bs.F per USD, the exchange rate was approximately 10 Bs.F per USD, making the value of the stash 419 times stronger, from US$358,000 to US$150 ...
According to a United States Department of Defense adviser linked to The Pentagon, the Bs.F 1.5 billion was printed by Venezuela and destined for Bolivia, since unlike the implied exchange rate of thousands of hard bolívares equaling one United States dollar, the exchange rate was approximately 10 hard bolívares per dollar, making the value ...
In 2014 The Central Bank of Venezuela stopped releasing statistics for the first time in its history as a way to possibly manipulate the image of the economy. [199] Venezuela has also dismantled CADIVI, a government body in charge of currency exchange. [121] In May 2019, the Central Bank of Venezuela released economic data for the first time ...
Venezuela's annual inflation rate settled at 189.8% last year, according to data from the central bank released on Friday, marking a slight easing of the still sky-high rate of rising consumer ...
The wildcard today that could be agitating gold traders is the economic and political turmoil in Venezuela. At this time, most of the potential issues have been underpinning crude oil prices due ...
That would bring additional misery to a country that has also been hit by a crash in crude prices as well as its own outbreak of the virus.Mariang Stefanie Escala, 29, earned 34,000 pesos ($8) a ...
In September 2014, the Venezuelan government's Central Bank of Venezuela (BCV) reportedly changed its calculation methods for inflation from the more common Laspeyres price index to the Fisher price index, which changed the Venezuelan government's June inflation data from 5.7% to 4.4%, July's 5.5% rate to 4.1% and August's 4.3% to 3.9%.
Central Bank of Venezuela Banco Central de Venezuela; Headquarters: Avenida Urdaneta, Caracas 1010, Venezuela [1] Established: 8 September 1939; 85 years ago () [2] Ownership: 100% state ownership [3] President: Calixto Ortega Sánchez: Central bank of: Venezuela: Currency: Venezuelan bolívar VED Reserves: $9.8 billion: Website: www.bcv.org.ve