Venezuela’s Central Bank (BCV) has confirmed December’s 7.6% marked the 12th consecutive month with inflation below 50% for an yearly total of 686.4%, it was announced. December 2021 was the fourth consecutive month with a single digit figure, after inflation rose 7.1% in September, 6.8% in October and 8.4% in November. In fact, December 2020 was the last month in which the INPC registered an increase of more than 50%, specifically 77.5%. Full text -> MercoPress

Traducción de cortesía -> El Banco Central de Venezuela (BCV) confirmó que el 7,6% de diciembre marcó el 12º mes consecutivo con una inflación por debajo del 50% para un total anual de 686,4%, se anunció. Diciembre de 2021 fue el cuarto mes consecutivo con una cifra de un dígito, luego de que la inflación subiera 7,1% en septiembre, 6,8% en octubre y 8,4% en noviembre. De hecho, diciembre de 2020 fue el último mes en el que el INPC registró un incremento de más del 50%, concretamente del 77,5%. Para traducir el texto completo use -> Google Translación

On October 9, 2020, the Central Bank of Venezuela ordered the suspension of products and services offered by universal and microfinance banks that facilitate the payment in foreign currencies for goods and services in Venezuelan. By José P.Barnola, Jr., Maria de Los Angeles Celis and Jesus Davila. Full Text -> GlobalCompilance

The COVID-19 crisis has pushed central banks around the world into uncharted territory. Typically when we talk about this, it’s from the perspective of the Fed or the ECB. But this has also been an extraordinary period for emerging market central banks. On this episode, we speak with Ruth Krivoy who ran the Venezuelan central bank in the early 1990s. She discusses the lessons she learned during the early 1990s. She discusses the lessons she learned during that period and how they apply now. Full Text-> BloombergQuint

Read more at: https://www.bloombergquint.com/onweb/lessons-from-ruth-krivoy-the-former-head-of-venezuela-s-central-bank
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The drop comes as Venezuela, whose key oil industry is under U.S. sanctions, sells its gold abroad to obtain foreign currency amid an economic crisis. The central bank maintained reserves above 350 tonnes until 2015, when the increasingly cash-strapped government began to use gold as a collateral for loans. By Mayela Armas, Corina Pons and Luc Cohen. Full Text-> Reuters

It has been reported that the Banco Central de Venezuela has procured the services of a Russian-based currency production facility for a new supply of bolivar-denominated banknotes. By Michael Alexander. Full text -> Coin Update