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3232Venezuelan Currency Plunges Almost 40% Against the US Dollar, Analysts Cite Crypto Drought as Part of the Problem
https://www.digit.info/venezuelan-currency-plunges-almost-40-against-the-us-dollar-analysts-cite-crypto-drought-as-part-of-the-problem/
Sun, 27 Nov 2022 21:00:49 +0000https://www.digit.info/2022/11/27/venezuelan-currency-plunges-almost-40-against-the-us-dollar-analysts-cite-crypto-drought-as-part-of-the-problem/Read more]]>The Venezuelan fiat currency, the bolivar, has lost almost 40% in its exchange rate against the U.S. dollar in a month. According to reports, the seasonal payments that the government has to make, and the lack of liquidity of the government to intervene in the currency market are part of the equation leading to this, […]
]]>Venezuela Might Be Affected by Russian Banks’ SWIFT Suspension
https://www.digit.info/venezuela-might-be-affected-by-russian-banks-swift-suspension/
Wed, 02 Mar 2022 07:00:07 +0000https://www.digit.info/2022/03/02/venezuela-might-be-affected-by-russian-banks-swift-suspension/Read more]]>Analysts from Venezuela have expressed their worries about the expulsion of a number of Russian banks from SWIFT, an international messaging system that allows the interconnection of banks. These measures could affect the finances not only of Venezuela, but also of other countries in the region, damaging their capability to move funds, which is highly […]
]]>Venezuelan Government Approves New Tax for Cryptocurrency and Foreign Currency Transactions
https://www.digit.info/venezuelan-government-approves-new-tax-for-cryptocurrency-and-foreign-currency-transactions/
Sat, 05 Feb 2022 21:00:37 +0000https://www.digit.info/2022/02/05/venezuelan-government-approves-new-tax-for-cryptocurrency-and-foreign-currency-transactions/Read more]]>The Venezuelan Government has approved a new tax that would affect transactions made in foreign currency and cryptocurrency transactions. Approved by the National Assembly of the country, the tax, called the “large financial transactions” tax would collect up to 20% over transactions made in currencies different from the national fiat currency or the Petro. Venezuelan […]
The Venezuelan fiat currency, the bolivar, has lost almost 40% in its exchange rate against the U.S. dollar in a month. According to reports, the seasonal payments that the government has to make, and the lack of liquidity of the government to intervene in the currency market are part of the equation leading to this, […]
Analysts from Venezuela have expressed their worries about the expulsion of a number of Russian banks from SWIFT, an international messaging system that allows the interconnection of banks. These measures could affect the finances not only of Venezuela, but also of other countries in the region, damaging their capability to move funds, which is highly […]
The Venezuelan Government has approved a new tax that would affect transactions made in foreign currency and cryptocurrency transactions. Approved by the National Assembly of the country, the tax, called the “large financial transactions” tax would collect up to 20% over transactions made in currencies different from the national fiat currency or the Petro. Venezuelan […]