Central Bank of Venezuela – DIGIT INFO

Central Bank of Venezuela Lags in Delivering Economic Data, Experts Fear Upcoming Hyperinflation

DIGIT — Wed, 22 Mar 2023 08:30:45 +0000

The Central Bank of Venezuela is lagging when it comes to delivering economic data this year, failing to publish the inflation numbers for the last four months. Venezuelan economists believe this delay might mean that the country is starting to enter a new hyperinflation period, with the government trying to hide it by not offering […]

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Venezuelan Bolivar Plunges as Central Bank Stops Intervening and Public Spending Rises

DIGIT — Thu, 25 Aug 2022 23:30:07 +0000

The exchange rate of the Venezuelan bolivar, the national fiat currency of the country, has plunged 35.51% against the U.S. dollar this week as a result of various factors, reaching 8.70 bolivars per U.S. dollar. According to economists, this will cause an increase in prices in the near future, with the exchange rate predicted to […]

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The Battle for the $2 Billion Venezuelan Gold Stash Continues, London Rules in Favor of Opposition Leader Guaido

DIGIT — Sun, 31 Jul 2022 20:30:49 +0000

Her Majesty’s High Court of Justice in England has determined that the Venezuelan gold stored in the vaults of the Bank of England must be managed by officials of the Central bank of Venezuela designated by opposition leader Juan Guaido. The management of this gold stash, which is comprised of 31 tonnes of this precious […]

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Venezuela to launch CBDC in October — and cut six zeros from its currency

DIGIT — Fri, 06 Aug 2021 01:03:53 +0000

The Central Bank of Venezuela is rolling out a CBDC in October and will launch an SMS-based exchange system to facilitate its use.

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A Look at Why Venezuela Is the Third Country With the Most Crypto Adoption

DIGIT — Fri, 28 May 2021 10:00:54 +0000

Venezuela has been listed as the third country with the most cryptocurrency adoption in the world by Chainalysis in its 2020 report. With its citizens coping with crippling inflation and losing purchasing power, the country has taken a turn for these assets to survive. But what are the real numbers behind this crisis that made […]

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