Venezuela
Venezuelan cbank to introduce interbank ref rates
The Central Bank of Venezuela is planning to introduce a new electronic interbank trading system that should result in the creation of interbank rates of reference and greater efficiencies in interbank lending.
Venezuelan fin min-cbank won't fix interest rates
Venezuelan Finance Minister Jose Rojas reiterated Feb 13, 2001 that the central bank won't fix credit and deposit rates in the banking sector. "The central bank is not going to fix rates," Rojas said in a televised interview. In a nod toward the monetary…
Venezuela: Crawling pegged rate system retained
According to a Venezuela Online News web site on Jan. 17, the Central Bank of Venezeula (BCV) has indicated that it will maintain the band system in currency exchange in order to control the depreciation of the bolivar. The bolivar will thus remain…
Venezuela president sees fixed rate for bolivar
Venezuelan President Hugo Chavez predicted the country's currency, the bolivar, will be fixed against the dollar some time in the future, according to a report Dec 29 in local daily El Universal.
Venezuela slows depreciation rate of currency band
Venezuela's central bank said on Dec 21 2000 it would slow the depreciation of the central parity rate of the bolivar currency next year to 7.00 percent annually, from about 12 percent this year.
Castellanos views interest rates, currency band
Venezuela's central bank president Diego Luis Castellanos announced today that the institution would not impose controls over private banking interest rates.
Venezuela to slow bolivar depreciation in 2001
Venezuela's central bank will announce a slower depreciation rate of the bolivar currency and possibly a new central parity rate within the next two weeks, senior bank officials said Thursday.
Venezuela 'overdrive' plan still not in effect
Venezuelan President Hugo Chavez acknowledged Tuesday that a $2.1bn government spending plan he announced two months ago to spur economic growth had still not taken effect.
Venezuela cenbank director sees boom on horizon
Venezuela is "on the edge of an economic boom," predicts central bank director Armando Leon.
Venezuela preparing interest rate measures
Venezuela's central bank is considering measures to limit the spread between commercial banks' lending and deposit interest rates, as part of a new banking law being drafted for decree by President Hugo Chavez.
Venezuela reserves at highest for almost 3 years
During the last week, Venezuela's international reserves rose by 59m dollars to reach 17.34bn dollars, the central bank announced.