Venezuela uses Bank of Spain to carry out international transfers

The Central Bank of Venezuela

The regime of Nicolás Maduro is using the Bank of Spain to make payments and receive funds in foreign currency.

Officials at the Central Bank of Venezuela are telling contractors to use its account with the Bank of Spain to make and receive payments, according to a report by Bloomberg. The Venezuelan authorities warn that settling the transactions may take at least a month due to increased scrutiny, it adds.

“The account referenced in the news [article] only allows transfers whose origin and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account