Money in Venezuela

Venezuela Money | Economic News & Forecasts

Venezuela - Money

Facing fierce criticism at home and abroad, President Nicolás Maduro was sworn in to serve a new six-year term on 11 January after being reelected in the May 2018 presidential election that was widely condemned as illegitimate. This comes against a dire economic backdrop as the economy remains in crisis with no end in sight. Oil prices slumped after hitting four-year highs in October, which, coupled with faltering oil production—down nearly a third from January 2018 to 1.1 million bpd in November 2018 according to secondary sources—have undoubtedly put a strain on crucial export earnings and government revenues. On a brighter note, in a bid to revamp output, two major oil deals between the state-run oil firm, PDVSA, and U.S.-based Erepla and France’s Maurel & Prom were announced in early-January. Erepla is set to invest up to USD 500 million in three oilfields, while Maurel & Prom would invest USD 110 million for a 11% stake in the Petroregional del Lago joint venture.

Venezuela - Money Data

2013  2014  2015  2016  2017  
Money (annual variation in %)69.7  64.0  111  159  1,121  

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Venezuela Money Chart


Venezuela Money
Note: Annual variation of M2 in %.
Source: Venezuela Central Bank and Met the why particular calculations.

Venezuela Facts

ValueChangeDate
Bond Yield5.500.0 %Aug 19
Exchange Rate248,8320.0 %Aug 17
Stock Market5,7012.04 %Jan 21

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