Money in Venezuela
Venezuela - MoneyPresident Nicolás Maduro was re-elected to a second six-year term in the 20 May presidential election that has been widely deemed as a sham. Maduro obtained almost 68% of the vote, beating his closest challenger, Henri Falcón, by more than 11 percentage points, with a voter turnout of 46%—a historic low. The following day, the Trump administration responded by slapping new sanctions aimed at further restricting the Venezuelan government’s ability to obtain financing through the sale of debt and other assets. Fourteen countries throughout the Americas also recalled their ambassadors from Caracas in protest of the electoral outcome. Meanwhile, the economy remains in depression, and oil production continues to plunge despite the recent partial recovery in oil prices. PDVSA, the state-owned oil firm, is facing increased difficulty in fulfilling its oil supply contracts.
Venezuela - Money Data
|Money (annual variation in %)||69.7||64.0||111||159||1,121|
5 years of economic forecasts for more than 30 economic indicators.
Venezuela Money Chart
Source: Venezuela Central Bank and Met the why particular calculations.
|Bond Yield||5.50||0.0 %||Aug 19|
|Exchange Rate||80,000||0.0 %||Jun 14|
|Stock Market||49,414||2.04 %||Jun 14|
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June 11, 2018
At the seventeenth Central Bank Dicom auction held on 8 June, the bolivar sold at 94,112 VEF per EUR (80,000 VEF per USD), weakening 0.8% from the 93,392 VEF per EUR (80,000 VEF per USD) rate in the previous auction held on 1 June.
June 8, 2018
The average price of Venezuela’s mix of crude oil reached USD 65.2 per barrel (pb) in May, the highest level in over three years.
May 15, 2018
The average price of Venezuela’s mix of crude oil reached USD 64.2 per barrel (pb) in April, the highest level in over three years.
May 15, 2018
On 20 May, President Nicolás Maduro is poised to secure a second six-year term in a presidential election that has been widely criticized for lacking credibility and fairness.
March 7, 2018
The average price of Venezuela’s mix of crude oil fell in February to USD 58.0 per barrel (pb), down from the prior month’s multi-year high of USD 61.4 pb.