Brief
Venezuela’s bolívar continues to lose value despite oil exports approaching $20 billion. Economist José Guerra went to the Central Bank of Venezuela to demand an end to unbacked monetary issuance and greater transparency in official statistics. He cited a 450% currency devaluation and 775% inflation, arguing that the central bank must comply with its constitutional mandate to halt the continuing erosion of wages.
The failure of sizeable oil-export revenue to stabilize the bolívar points to persistent monetary and institutional weaknesses. Rapid depreciation, very high inflation and limited official data make local-currency pricing, wage planning and the assessment of real investment returns substantially harder.
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Banking · Crónica Uno
Sep 1, 2026
Watch for the BCV’s next publication of inflation and exchange-rate data, any verifiable restriction on unbacked monetary issuance, and whether subsequent readings show a moderation in bolívar depreciation and price growth.