The bi-monetary economy grows double digits while the bolivar loses a quarter of its value
The macroeconomic outlook evaluated for the investor. GDP, inflation, exchange rate, budget and monetary policy.
Official BCV: 451 Bs/USD · complementary: ~560-650 Bs · Spread: 25-30% · INPC inflation Feb: 14.6% monthly (618% annualized) · Reserves: $14.125M · 80% of foreign exchange transactions via crypto platforms. Oil revenues are channeled to accounts supervised by the U.S. Treasury through a trust in Qatar.
Oil revenues ($863M January 2026) → U.S. Treasury custody (Foreign Gov. Deposit Funds) → BCV / Budget (Conditional release)
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FURTHER READING
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GL 48D — Supply of Goods and Services to Venezuela
Authorizes the supply from the U.S. or by a U.S. person of goods, technology, software or services for oil, gas and petrochemical exploration, development and production —including maintenance and repair of equipment—, and for electricity generation, transmission, storage and distribution in Venezuela. As of September 28, 2026, the petrochemical annex lists methanol. The formation of new joint ventures remains outside the license. Supersedes GL 48C.
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