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 currency hit a record low 100 to the U.S. dollar on the black market on Friday, making the dollar 16 times more expensive than the strongest official rate, according to a ...

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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 ...