Money in Venezuela

Venezuela Money | Economic News & Forecasts

Venezuela - Money

Economic conditions likely improved in H2 2021, following years of economic collapse. Oil production increased in Q3 and continued to rise in both October and November, while news reports suggest that oil exports were upbeat in December. This came despite U.S. sanctions on the Venezuelan oil sector, and was likely thanks to the assistance of Iran following a deal struck last year. Moreover, official data shows that inflation slowed considerably in Q4, likely curbed by government measures such as reduced spending in bolivars and credit restriction. On the fiscal front, news reports show that the government expects income from crude exports will finance 61% of its USD 13.6 billion budget for 2022, which also hints at ongoing negotiations to loosen existing sanctions. In politics, an opposition candidate recently won the gubernatorial race in the small but highly symbolic Barinas state.

Venezuela - Money Data

2015   2016   2017   2018   2019  
Money (annual variation in %)101  159  1,121  63,257  4,946  

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Venezuela Money Chart

Venezuela Money
Note: Annual variation of M2 in %.
Source: Venezuela Central Bank and FocusEconomics calculations.

Venezuela Facts

Value Change Date
Bond Yield5.500.0 %Aug 19
Exchange Rate248,8320.0 %Aug 17

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