Brief
Hermes Pérez says the Central Bank of Venezuela has injected more than $12 billion through foreign-exchange trading desks so far, a record level of intervention. Even with that supply, the country’s exchange-rate gap has not narrowed. The figures point to a continuing disconnect between the scale of central-bank support and conditions in the currency market.
The failure of the currency gap to narrow after more than $12 billion in intervention suggests that dollar supply alone is not stabilizing Venezuela’s FX market. That complicates revenue forecasting, local-currency pricing and capital repatriation for investors assessing a recovery.
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Banking · Finanzas Digital
Sep 24, 2026
Track upcoming BCV intervention totals and the reported exchange-rate gap. A sustained narrowing as additional dollars enter trading desks would indicate improved effectiveness; continued divergence would confirm that intervention is delivering limited stabilization.