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CENTRAL BANK OF VENEZUELA
Ten reasons oil is still below $100 a barrelGlobal oil prices remain surprisingly low despite the ongoing war in Iran. China's drastic cut in oil imports is a major factor. Demand des...- RBI's dividend gives Govt fiscal breathing space amid crude oil pressures: Kotak Securities Anindya BanerjeeThe Reserve Bank of India's (RBI) record dividend payout of Rs 2.87 lakh crore is expected to directly repair the government's balance shee...
- The 'Living Nostradamus' just made a terrifying Iran war prediction, and the date is very specificLiving Nostradamus Iran war prediction: Brazilian psychic Athos Salomé has triggered fresh global debate after warning that the Iran war ma...
- The Hormuz blockade: Why a fragile ceasefire may not lower global oil pricesBrent crude has surged to $125 per barrel due to escalating West Asia conflict and severe disruption at the Strait of Hormuz, a key global ...
- IMF, World Bank meetings show limits in mitigating shocks, reliance on US for solutionsGlobal finance leaders met amid Middle East war news. They acknowledged their limited ability to counter economic damage from frequent geop...
- How much does Venezuela owe China, and why is oil involved?America's control over Venezuela's oil exports diverts crude shipments previously used to repay China. Venezuela owes China billions, with ...
- The biggest challenge in Venezuela? Forget the oil, it's stocking the fridgeVenezuelans are struggling with soaring prices and a deepening economic crisis following the U.S. military raid that removed Nicolás Maduro...
- Venezuelan banks will get $300 million of oil money to sell on exchange market, sources sayVenezuelan banks will receive 300 million dollars from oil revenues. This money comes from an account in Qatar. The banks will sell these d...
- Venezuela's inflation hit 686.4% in 2021, says central bankThe deceleration in prices follows government measures which include the restriction of credit and lower spending in bolivars to maintain t...
- Venezuela introduces new currency with 6 fewer zerosThis is the third time Venezuela's socialist leaders have lopped zeros off the currency. The bolivar lost three zeros in 2008 under the lat...
- A million to 1: Venezuela's currency losing 6 zerosVenezuela's central bank on Thursday announced the change to the bolivar will go into effect October 1. The new 100 bolivar bill will be th...
- IMF sees Venezuela inflation at 10 million per cent in 2019Venezuela's economy has steadily deteriorated since the crash of oil prices in 2014 left it unable to sustain a socialist system of subsidi...
- Venezuela won’t exchange all bank notes in currency swapVenezuelans are racing the clock after President Nicolas Maduro’s surprise announcement Sunday that the country’s largest bill -- worth jus...
- Central banks aren't buying gold like they used to do“There is still no appetite for sales, but outside of Russia and China few purchasers either," Matthew Turner and his team wrote in a note ...
- India looking at Iran-like solution for $100m million payment crisis with VenezuelaThe government is planning to put in place a model similar to the rupee payment mechanism with Iran.
- Gold meltdown threatens to erode the value of Venezuela's gold reservesVenezuela now has a gold problem. The South American country, which is trying to stave off a bond default in the wake of oil's swoon.
- S&P downgrades the fifth largest oil exporter Venezuela's rating to B-plus from BB-minus; focus on political riskThe country posts steady current account surpluses which, combined with strict capital controls, result in positive net asset positions.
- Chavez to nationalize Spanish-owned bankPresident Hugo Chavez said Thursday he intends to nationalize the Bank of Venezuela, which is owned by the Santander Central Hispano bankin...
- Venezuela inflation rises to 32% in JuneVenezuelan annual inflation climbed to 32.2 per cent in June in metropolitan Caracas as price controls on food prices were eased.
- Venezuela increases petroleum importsVenezuela's state petroleum company, PDVSA, increased petroleum imports by nearly 150 pc between the first quarter of 2007.
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