US EditionVenezuela’s Money Crisis: Why the Bolívar Keeps Losing Value
9 Articles
9 Articles
Venezuela’s Money Crisis: Why the Bolívar Keeps Losing Value
Venezuela’s economy is facing a severe crisis that affects everyone in the country. The bolívar, Venezuela’s currency, keeps losing value, making it harder for people and businesses to buy what they need. The Central Bank of Venezuela recently sold $100 million to local banks at an official rate of 102.16 bolívars per US dollar. The […]
The Venezuelan Chamber of Electronic Commerce (Cavecom-e) has issued an important clarification on the regulations of monetary circulation and exchange rate in the country, underlining that the bolívar is the legal currency and that the only official exchange rate is the one established by the Central Bank of Venezuela (BCV).In a [...] La entrada Cavecom-e: It is illegal to offer products that are exclusively cancelled in currencies #18Jun was f…
The Venezuelan Chamber of Electronic Commerce (Cavecom-e) has reiterated through a statement that the marketing of products or services with a payment accepted only in currency is illegal in Venezuela, because the currency of official circulation and exchange is the bolívar. This civil association clarified and alerted entrepreneurs, merchants, entrepreneurs and industrialists, who work through digital platforms such as social networks, marketpl…
The Venezuelan Chamber of Electronic Commerce (Cavecom) issued a statement to clarify and alert that it is illegal to charge a product at the rate of the euro if it is produced in Venezuela. By Unión Radio “For us it is worrying that you want to tend to offer promotions with prices below what is the referential in bolívars and to be forced in the promotion that has to be cancelled exclusively in foreign currency, that is illegal,” said Richard U…
The Chamber of Electronic Commerce (Cavecom-e) on Tuesday warned traders, entrepreneurs, entrepreneurs and industrialists about the illegality of certain aspects when offering products or services, either online or in physical stores. The Chamber recalled through a statement that, in Venezuela, the official currency of circulation and exchange is the bolívar. It also mentioned that the official exchange rate is that issued by the Central Bank of…
The Venezuelan Chamber of Electronic Commerce (Cavecom-e) clarified in a statement published this Tuesday that the official currency in circulation and exchange in Venezuela is the bolívar and reiterated that the official exchange rate is the one issued by the Central Bank of Venezuela (BCV). In this regard, it warned entrepreneurs, merchants, business owners, and industrialists who offer products and/or services through online stores, marketpla…
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