Venezuela
Venezuela c bank seeks easing of forex controls
The central bank of Venezuela has appealed for a relaxation of the foreign exchange control regime currently in place, according to a report in the Financial Times. Domingo Maza Zavala, a central bank director, said the bank has called on the finance…
Controversy surrounds Venezuela's forex controls
Venezuela's finance minister Tobias Nobrega has announced that he will shortly be revealing to the Venezuelan public the changes to be made in the foreign exchange system, says VHeadline. However central bank board member Domingo Maza Zavala claimed the…
Venezuela's exchange control system may be relaxed
Restrictions on Venezuela's foreign exchange market may be lifted by the country's foreign exchange regulatory body, CADIVI, in the near future. The president of CADIVI said studies of proposals for relaxation were almost complete, according to a report…
Venezuelan cb urges easing of forex controls
A director of Venezuela's central bank, Armando Leon, has pressed for the government to ease - although not to end - the country's currency control system set up four months ago, in the face of a deepening recession, according to Reuters.
Bank indicates worst of Venezuela's crisis over
Venezuela has forecast a partial recovery in the local economy, according to Reuters. The central bank governor said in an interview published on Tuesday May 27 that it is difficult to expect a worse situation for the remainder of the year than what has…
Venezuela's Maza blasts delay in selling dollars
Central Bank of Venezuela director Domingo Maza said before a press conference that a lack of imports is hurting the country's economy with restrictions on the availability of dollars for overseas supplies, Bloomberg reports.
Venezuela central bank cuts rate to 36 pct
Venezuela's central bank cut interest rates to 36 percent as tight currency controls and price curbs to shore up international reserves continue.
Venezuela c bank rejects interest rate demands
Demands from President Hugo Chavez that the central bank of Venezuela reduce interest rates have been rejected, reported Associated Press. A director at the bank said pressure to impose rates would be resisted.
Venezuela's Chavez pushes central bank to cut rate
Venezuela's central bank has apparently been threatened with court action by the president of the country over its reluctance to cut interest rates, according to a Reuters report. The government is struggling to revive the recession-bound economy which…
Venezuela considers modifying forex controls
Venezuela's currency control system may be modified with alternatives under discussion including keeping a fixed exchange rate of 1,600 bolivars to the dollar, says Reuters
Former Venezuelan c bankers claim gov't runs bank
A report suggests that the Central Bank of Venezuela is under government control with the central bank endorsing government policies - violating its Constitution, accrding to a report by Vheadline.
World Bank wants Venezuela to lift for ex controls
The World Bank has said Venezuela's currency controls are transitory and can only work temporarily.
Chavez calls for fixed interest rates
President Hugo Chavez said Sunday interest rates should be fixed to reverse Venezuela's deteriorating economic situation, just days after he imposed exchange controls and price controls for the same reason.
Venezuela's Zavala - No for ex trading until March
According to Central Bank of Venezuela (BCV) Director Domingo Maza Zavala, foreign exchange trading will continue to be suspended until the end of February to allow government and Central Bank officials enough time to implement the controls.
Venezuelan, Colombian cbs agree on payment system
Following meetings between central bank officials from Venezuela and Colombia, a system has been agreed which will control and guarantee payments for Colombian exports to Venezuela.
BCV director insists forex controls are essential
According to Central Bank of Venezuela (BCV) director Domingo Maza Zavala, the foreign exchange controls implemented by the government Thursday are essential for control of the economy, particularly in such troubled times.
Venezuela brings in new foreign exchange controls
Venezuela has introduced a raft of new foreign currency controls under President Hugo Chavez in an attempt to ease the economic turmoil that has enveloped the country.
Venezuela central bank - for ex controls necessary
Domingo Maza Zavala, the director of the Central Bank of Venezuela, has said that a foreign exchange control system is "not desirable", but it is necessary. He added that he thinks measures should have been taken a lot earlier, when the strike in the oil…
Colombia, Venezuela c banks to discuss for ex
The central bank chiefs from Colombia and Venezuela will soon meet in the Colombian city of Cartagena to discuss concerns that planned Venezuelan currency controls could disrupt debt payments, Colombia's government said on Wednesday.
Venezuela cen bank to keep rate regime unchanged
VENEZUELA - Venezuela's central bank BCV has no plans to change its foreign exchange policy, a source close to the bank told BNamericas, in response to a local report.
Banking regulator and c bank could merge-Venezuela
VENEZUELA - The administration of Venezuelan President Hugo Chavez might eliminate bank regulatory agency Sudeban and transfer its powers to the central bank, local daily El Nacional reported.
Venezuelan central bank rejects gov't criticism
VENEZUELA - The Central Bank of Venezuela (BCV) has said that it will continue its monetary policy despite criticism from the government and warned about the negative consequences a confrontation of positions would have on the exchange market.
Row rattles Venezuela's economic recovery effort
VENEZUELA - A bitter row among Venezuela's top economic policy makers on Tuesday threatened to scuttle attempts to revive the nation's flagging economy just weeks before a senior minister heads to the United States to rally financial backing.
Central bank reports Venezuelan economy shrinking
VENEZUELA - Venezuela's economy contracted 9.9 percent in the second quarter compared with a year earlier, as a slide in its vital oil production eroded growth, according to the central bank.