The measure aims to preserve foreign currency reserves amid the global economic crisis and Venezuela's own declining oil revenues. It tightens restrictions in place since a prolonged oil strike in ...

the Central Bank of Venezuela (BCV) found itself shedding about $632 million in the last quarter of 2024. This was all in a bid to keep the bolívar from falling further against the US dollar ...

Venezuela's Bolivar fell 17% against the US dollar from less than a week ago, leaving minimum monthly pensions and wages at around US$ 9.20, it was reported in Caracas Friday. Set at 130 bolivars ...