Money in Venezuela

Venezuela Money | Economic News & Forecasts

Venezuela - Money

President 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

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

Bond Yield5.500.0 %Aug 19
Exchange Rate80,0000.0 %Jun 14
Stock Market49,4142.04 %Jun 14

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