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Alexander Guevara
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Article
Bancamiga banks more than 15,000 children and teenagers in a historic operation for back to school classes During the event held at the 51 branches, which marked a historic day for Bancamiga with the highest number of accounts opened in a single day, minors received the Mastercard Kids Debit Card for free. In an unprecedented day, this Saturday saw the Bancamiga Kids special operation become a reality, banking 15,400 children and teenagers across the country as part of the back-to-school period. Since 9:00 in the morning, Bancamiga opened the doors of its 51 branches, which were filled with minors who, accompanied by their parents, received the free Mastercard Kids Debit Card, thus taking their first steps in the financial world.

Bancamiga banks more than 15,000 children and teenagers in a historic operation for back to school

classes
During the event held at the 51 branches, which marked a historic day for Bancamiga with the highest number of accounts opened in a single day, minors received the Mastercard Kids Debit Card for free.
In an unprecedented day, this Saturday saw the Bancamiga Kids special operation become a reality, banking 15,400 children and teenagers across the country as part of the back-to-school period.
Since 9:00 in the morning, Bancamiga opened the doors of its 51 branches, which were filled with minors who, accompanied by their parents, received the free Mastercard Kids Debit Card, thus taking their first steps in the financial world.
❗️Banking exterior following the guidelines of the Central Bank of Venezuela (BCV) updates the interest rates for savings accounts annually to 42% and for checking accounts to 10%. #banco #venezuela #BCV #ahorros #APR $BTC
❗️Banking exterior following the guidelines of the Central Bank of Venezuela (BCV) updates the interest rates for savings accounts annually to 42% and for checking accounts to 10%.

#banco #venezuela #BCV #ahorros #APR $BTC
Alexander Guevara
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❗️Banesco, following the guidelines of the Central Bank of Venezuela (BCV), updates the interest rates for annual savings accounts to 42% and checking accounts to 10%.

❗️BNC, following the guidelines of the Central Bank of Venezuela (BCV), updates the interest rates for annual savings accounts to 42% and checking accounts to 10%.

❗️BBVA Provincial, following the guidelines of the Central Bank of Venezuela (BCV), updates the interest rates for annual savings accounts to 42% and checking accounts to 10%.

#BCV #venezuela #BBVA #banesco #BNC $BTC $ETH
Article
Follow-up with private banking on the Venezuela Renace Credit ProgramWeekly, working sessions will be held to assess progress and speed up the handling of requests. The Deputy Minister of Digital Economy, Banking, Insurance and Securities and Chairman of the Banco del Tesoro, Jimmy Berríos, led a working session attended by Pedro Pacheco, President of the Venezuelan Banking Association (ABV), and representatives of private banking: Banesco, BNC, Provincial and Mercantil. The purpose of this meeting was to align the criteria for the valuation and financial analysis, between public banking and private banking, of the special Social Credit program for Housing Restitution, through Plan Venezuela Renace, an initiative designed to support those who lost their homes after the double earthquake that occurred on June 24.

Follow-up with private banking on the Venezuela Renace Credit Program

Weekly, working sessions will be held to assess progress and speed up the handling of requests.
The Deputy Minister of Digital Economy, Banking, Insurance and Securities and Chairman of the Banco del Tesoro, Jimmy Berríos, led a working session attended by Pedro Pacheco, President of the Venezuelan Banking Association (ABV), and representatives of private banking: Banesco, BNC, Provincial and Mercantil.
The purpose of this meeting was to align the criteria for the valuation and financial analysis, between public banking and private banking, of the special Social Credit program for Housing Restitution, through Plan Venezuela Renace, an initiative designed to support those who lost their homes after the double earthquake that occurred on June 24.
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Bullish
🏦 BANKS ARE CHANGING THEIR MINDS… AND THIS IS MORE IMPORTANT THAN IT SEEMS For years, many banks viewed blockchain with distrust. Now some want to use it. The technology behind $BTC is starting to spark interest in something much bigger than digital coins: payments, settlements, tokenization, and transfer of value. The real revolution may not be that banks disappear. It could be that banks learn to operate on new digital infrastructures. And that’s where a new chapter begins. Are we witnessing the birth of a new kind of banking? #crypto #xrp #banco {spot}(BTCUSDT)
🏦 BANKS ARE CHANGING THEIR MINDS… AND THIS IS MORE IMPORTANT THAN IT SEEMS

For years, many banks viewed blockchain with distrust. Now some want to use it.

The technology behind $BTC is starting to spark interest in something much bigger than digital coins: payments, settlements, tokenization, and transfer of value.

The real revolution may not be that banks disappear.

It could be that banks learn to operate on new digital infrastructures.
And that’s where a new chapter begins.

Are we witnessing the birth of a new kind of banking?
#crypto #xrp #banco
Article
Caribbean Development Bank approves $1 million for Venezuela recoveryThe president of the Caribbean Development Bank, CDB, said that collaboration with CAF shows how multilateral institutions can «work together innovatively to respond effectively to humanitarian crises and support long-term recovery». The Caribbean Development Bank (CDB, in English) announced this Monday, August 10, that it approved a contribution of $1 million to the Fund for Recovery and Reconstruction of Venezuela, created after the devastating earthquakes last June.

Caribbean Development Bank approves $1 million for Venezuela recovery

The president of the Caribbean Development Bank, CDB, said that collaboration with CAF shows how multilateral institutions can «work together innovatively to respond effectively to humanitarian crises and support long-term recovery».
The Caribbean Development Bank (CDB, in English) announced this Monday, August 10, that it approved a contribution of $1 million to the Fund for Recovery and Reconstruction of Venezuela, created after the devastating earthquakes last June.
CryptoNews: 🔹 Former members of the Ethereum Foundation launched EthLab, an initiative focused on research and development, emphasizing decentralization and scalability of the ecosystem. 🔹 The Ethereum Foundation downsized staff and adjusted operational expenses in a restructuring aimed at prioritizing resources and strategic projects. EDITORIAL | Bitcoin Bank: your money, your rules. 🔑 "Are you a fan of transparency? You're in the right place! The Bitcoin Bank is the only one in the world with its accounting open to the public." A topic that continues to spark conversation within our community. We share this reflection for those who enjoy analyzing how Bitcoin challenges many of the rules we take for granted. #analysis #BTC #ETH #blockchain #banco $BTC $ETH
CryptoNews:
🔹 Former members of the Ethereum Foundation launched EthLab, an initiative focused on research and development, emphasizing decentralization and scalability of the ecosystem.

🔹 The Ethereum Foundation downsized staff and adjusted operational expenses in a restructuring aimed at prioritizing resources and strategic projects.

EDITORIAL | Bitcoin Bank: your money, your rules.

🔑 "Are you a fan of transparency? You're in the right place! The Bitcoin Bank is the only one in the world with its accounting open to the public."

A topic that continues to spark conversation within our community. We share this reflection for those who enjoy analyzing how Bitcoin challenges many of the rules we take for granted.

#analysis #BTC #ETH #blockchain #banco $BTC $ETH
Article
Dollar salary accounts are coming: how they will work and what cost they will have for banking clientsThe entities must offer account opening, maintenance, transfers, and withdrawals. The measure supports the possibility of paying wages in U.S. currency as provided for in the labor reform. The BCRA has regulated dollar salary accounts for companies that pay wages in foreign currency. The Central Bank has regulated the operation of U.S. dollar salary accounts, a measure that supports the implementation of Law 27,802 on Labor Modernization, which enabled the payment of wages in that currency.

Dollar salary accounts are coming: how they will work and what cost they will have for banking clients

The entities must offer account opening, maintenance, transfers, and withdrawals.
The measure supports the possibility of paying wages in U.S. currency as provided for in the labor reform.
The BCRA has regulated dollar salary accounts for companies that pay wages in foreign currency.
The Central Bank has regulated the operation of U.S. dollar salary accounts, a measure that supports the implementation of Law 27,802 on Labor Modernization, which enabled the payment of wages in that currency.
Holding $SOL 4.3 USDT
📉 Bitcoin moves away from the Nasdaq Index and strengthens its correlation with gold. 🏛 California approved a law that prohibits officials from launching memecoins. The measure awaits the governor’s signature. 📈 Ripple launched Delta One, a service for trading derivatives linked to U.S. stocks. 💸 They hacked Avici, the neobank built on Solana. A vulnerability allowed funds to be withdrawn from users’ accounts. The impact exceeds USD 500,000. #banco #meme板块关注热点 #BTC #xrp #NASDAQ $BTC $QQQ $SOL {spot}(XRPUSDT)
📉 Bitcoin moves away from the Nasdaq Index and strengthens its correlation with gold.

🏛 California approved a law that prohibits officials from launching memecoins. The measure awaits the governor’s signature.

📈 Ripple launched Delta One, a service for trading derivatives linked to U.S. stocks.

💸 They hacked Avici, the neobank built on Solana. A vulnerability allowed funds to be withdrawn from users’ accounts. The impact exceeds USD 500,000.

#banco #meme板块关注热点 #BTC #xrp #NASDAQ $BTC $QQQ $SOL
🏦 The Bank of England keeps interest rates at 3.75%, just as expected. 🆕 $RE is now live on Binance Alpha. 🇺🇸📝 US - Philadelphia Fed Manufacturing Index (June) = (forecast +9.8 / previous -0.4) #macro 🇺🇸🎁 US - Initial Jobless Claims = 226,000 (forecast: 225,000 / previous: 229,000) US - Continuing Jobless Claims = 1.81 million (forecast: 1.80 million / previous: 1.795 million) #macro 🕵️ $500,000,000 USDT (499,467,499 USD) has been transferred from Tether Treasury to Binance. <a>...</a> 🤝 #ACH Alchemy has rolled out a virtual payment card for AI agents in partnership with Visa. 🕵️ $500,000,000 USDT (499,475,000 USD) transferred from Binance to Tether Treasury. 🕵️ $500,000,000 USDT (499,425,000 USD) has been shifted from Tether Treasury to Binance. 🆕 $RE is trading on Binance Futures. 🗳️ The Federal Reserve Board has released a proposal requiring certain stablecoin issuers to establish and maintain an effective Customer Identification Program (CIP). 🇺🇸📝 US - Leading Economic Index (May) = +0.1% (forecast: +0.1% / previous: +0.1%) 🗽 The Federal Reserve proposes an identification program for stablecoin issuers. This is the Fed's first regulation under the GENIUS Act. 🗣 President Trump states that "oil is flowing" and "prices are going down". #Europe #banco #Fed #Macro #LeyGENIUS $USDC
🏦 The Bank of England keeps interest rates at 3.75%, just as expected.

🆕 $RE is now live on Binance Alpha.

🇺🇸📝 US - Philadelphia Fed Manufacturing Index (June) = (forecast +9.8 / previous -0.4) #macro

🇺🇸🎁 US - Initial Jobless Claims = 226,000 (forecast: 225,000 / previous: 229,000)

US - Continuing Jobless Claims = 1.81 million (forecast: 1.80 million / previous: 1.795 million) #macro

🕵️ $500,000,000 USDT (499,467,499 USD) has been transferred from Tether Treasury to Binance. <a>...</a>

🤝 #ACH Alchemy has rolled out a virtual payment card for AI agents in partnership with Visa.

🕵️ $500,000,000 USDT (499,475,000 USD) transferred from Binance to Tether Treasury.

🕵️ $500,000,000 USDT (499,425,000 USD) has been shifted from Tether Treasury to Binance.

🆕 $RE is trading on Binance Futures.

🗳️ The Federal Reserve Board has released a proposal requiring certain stablecoin issuers to establish and maintain an effective Customer Identification Program (CIP).

🇺🇸📝 US - Leading Economic Index (May) = +0.1% (forecast: +0.1% / previous: +0.1%)

🗽 The Federal Reserve proposes an identification program for stablecoin issuers.

This is the Fed's first regulation under the GENIUS Act.

🗣 President Trump states that "oil is flowing" and "prices are going down".

#Europe #banco #Fed #Macro #LeyGENIUS $USDC
🇪🇸 Spain’s main conservative force, @vox_es, with a tough message about Sánchez’s kiss to Delcy Rodríguez: "Even though he now wants to avoid it because it compromises him, they are two criminals who share an ideology and a way of acting". Javier Negre only serves to provide information ➡️Every time he gives an opinion, he receives criticism. 🇻🇪 In the U.S., they condemn Venezuelan banker Tomás Niembro to more than nine years in prison for million-dollar fraud and evasion of sanctions ➡️Tomás Niembro Concha Previous charges: He held executive positions in several financial institutions in Venezuela and the region, including Banco Occidental de Descuento (BOD), Corp Banca, and Banco Latino. Nodus International Bank: He served as CEO and majority shareholder of Nodus International Bank, an entity headquartered in Puerto Rico that entered the liquidation process ▶️🚨Reuters: The Board of Directors of the Inter-American Development Bank opposes the idea proposed by the BID’s own president of lending $2.5 billion to Delcy Rodríguez. Caravan of the U.S. president, 🇺🇸Donald Trump, moves through New York under Secret Service custody, en route to the meeting with Delcy Rodríguez. 🇺🇸In the printed edition of the Washington Post: For there to be long-term stability in Venezuela, an electoral calendar is required. #EEUU #venezuela #banco #español #BID $CL $BZ
🇪🇸 Spain’s main conservative force, @vox_es, with a tough message about Sánchez’s kiss to Delcy Rodríguez:

"Even though he now wants to avoid it because it compromises him, they are two criminals who share an ideology and a way of acting".

Javier Negre only serves to provide information

➡️Every time he gives an opinion, he receives criticism.

🇻🇪 In the U.S., they condemn Venezuelan banker Tomás Niembro to more than nine years in prison for million-dollar fraud and evasion of sanctions

➡️Tomás Niembro Concha

Previous charges: He held executive positions in several financial institutions in Venezuela and the region, including Banco Occidental de Descuento (BOD), Corp Banca, and Banco Latino.

Nodus International Bank: He served as CEO and majority shareholder of Nodus International Bank, an entity headquartered in Puerto Rico that entered the liquidation process

▶️🚨Reuters:

The Board of Directors of the Inter-American Development Bank opposes the idea proposed by the BID’s own president of lending $2.5 billion to Delcy Rodríguez.

Caravan of the U.S. president, 🇺🇸Donald Trump, moves through New York under Secret Service custody, en route to the meeting with Delcy Rodríguez.

🇺🇸In the printed edition of the Washington Post:

For there to be long-term stability in Venezuela, an electoral calendar is required.

#EEUU #venezuela #banco #español #BID $CL $BZ
Holding $BNB 180.5 USDT
Giving a congratulation is not enough! 🌟 We want to express our deepest gratitude to Banesco and to its initiative “Transactions with Purpose”. Thanks to the commitment to add one bolívar for each purchase made at its Point of Sale locations during the month of August, 88,603,259 transactions were achieved! This translates into a total contribution of Bs. 88,603,259 (equivalent to 103.81$a at the BCV rate / 91.64$ in USDT), meant to support the valuable work of AVEC, Damas Salesianas, and Fe y Alegría in helping those affected by the earthquakes. When we join our efforts, the impact of our actions has no limits. Thank you for showing that every payment made makes a difference again! 🙌💚 #Solidaridad #banesco #venezuela #banco #BinanceSquareFamily $BTC $BNB $NVDAB
Giving a congratulation is not enough! 🌟 We want to express our deepest gratitude to Banesco and to its initiative “Transactions with Purpose”.

Thanks to the commitment to add one bolívar for each purchase made at its Point of Sale locations during the month of August, 88,603,259 transactions were achieved! This translates into a total contribution of Bs. 88,603,259 (equivalent to 103.81$a at the BCV rate / 91.64$ in USDT), meant to support the valuable work of AVEC, Damas Salesianas, and Fe y Alegría in helping those affected by the earthquakes.

When we join our efforts, the impact of our actions has no limits. Thank you for showing that every payment made makes a difference again! 🙌💚

#Solidaridad #banesco #venezuela #banco #BinanceSquareFamily $BTC $BNB $NVDAB
‌📢 The adoption of stablecoins could rise from 36% to 56% with bank protection The adoption of stablecoins among US consumers could increase significantly if these assets offered protections similar to those of traditional bank accounts. A new Visa study found that the intention to use stablecoins rises from 36% to 56% when presented with a hypothetical scenario with fraud protection at the level… #stablecoin #USDC #Visa #Liquidations #banco $BTC
‌📢 The adoption of stablecoins could rise from 36% to 56% with bank protection

The adoption of stablecoins among US consumers could increase significantly if these assets offered protections similar to those of traditional bank accounts. A new Visa study found that the intention to use stablecoins rises from 36% to 56% when presented with a hypothetical scenario with fraud protection at the level…

#stablecoin #USDC #Visa #Liquidations #banco $BTC
Article
Public and Private Banking Hold a Working Session to Assess Progress on Plan Venezuela RenaceWith this continuous follow-up, public and private banks reaffirm their commitment to join efforts to provide definitive solutions and restore peace of mind to the Venezuelan families affected, thanks to the Plan Venezuela Renace. To provide a quick and effective response to those who lost their homes in the earthquakes of June 24, representatives of public and private banks continued their working sessions as part of Plan Venezuela Renace, an initiative guided by the Bolivarian Government led by President Delcy Rodríguez, to facilitate access to decent housing through social credit.

Public and Private Banking Hold a Working Session to Assess Progress on Plan Venezuela Renace

With this continuous follow-up, public and private banks reaffirm their commitment to join efforts to provide definitive solutions and restore peace of mind to the Venezuelan families affected, thanks to the Plan Venezuela Renace.
To provide a quick and effective response to those who lost their homes in the earthquakes of June 24, representatives of public and private banks continued their working sessions as part of Plan Venezuela Renace, an initiative guided by the Bolivarian Government led by President Delcy Rodríguez, to facilitate access to decent housing through social credit.
Article
Banks and virtual wallets forge alliances and build ecosystems to keep usersThe battle for market leadership drives moves among banks, virtual wallets, and investment platforms, and even among oil companies and telecommunications firms. Key points Highlight Competition between banks and virtual wallets is already centered on financial ecosystems, aiming to become the user’s everyday interface. Highlight Key alliances such as Santander-YPF, Macro-Personal Pay, and Grupo Galicia-Naranja X reflect new strategies to secure market leadership. Highlight Salary accounts no longer guarantee retention; market leadership is now won through frequent use and personalization.

Banks and virtual wallets forge alliances and build ecosystems to keep users

The battle for market leadership drives moves among banks, virtual wallets, and investment platforms, and even among oil companies and telecommunications firms.
Key points
Highlight Competition between banks and virtual wallets is already centered on financial ecosystems, aiming to become the user’s everyday interface.
Highlight Key alliances such as Santander-YPF, Macro-Personal Pay, and Grupo Galicia-Naranja X reflect new strategies to secure market leadership.
Highlight Salary accounts no longer guarantee retention; market leadership is now won through frequent use and personalization.
🚨🇺🇸💰 Delcy Rodríguez meets with senior representatives of the Inter-American Development Bank in New York 🤩THIS IS HOW WE'RE DOING: 💲USDT still hasn’t broken through the 960 barrier.... 🔽Several attempts and then it falls again 🗣️IT’S AMAZING 📌We’ll keep monitoring #DelcyRodriguez #venezuela #EEUU #USDT #banco $BTC
🚨🇺🇸💰 Delcy Rodríguez meets with senior representatives of the Inter-American Development Bank in New York

🤩THIS IS HOW WE'RE DOING:

💲USDT still hasn’t broken through the 960 barrier....

🔽Several attempts and then it falls again

🗣️IT’S AMAZING

📌We’ll keep monitoring

#DelcyRodriguez #venezuela #EEUU #USDT #banco $BTC
😁Historical growth: BNC leads banking in foreign-currency deposits and surpassed the system’s average profitability BNC held its Ordinary Shareholders’ Meeting, where it presented its results for the first quarter, highlighting progress in the public’s deposit rankings. 📊Datanálisis | 65% of consumers used some type of financing in the last month, mainly installment payment apps The study «Trends in Venezuelan Consumers 2026», carried out by the firm Datanálisis, reveals that in the last month 65% of Venezuelan consumers used some kind of financing, 88% of which was done through digital microcredit platforms such as installment payment apps. Important. 🇻🇪 The Democrats are already laying the groundwork in the Senate in case they win the elections. Senators Wyden, Warren, and Whitehouse are demanding explanations from Bessent and Rubio about the billions of dollars in Venezuelan oil under U.S. control. They denounce a lack of transparency, ask where the money is, and warn about possible funds being handled without authorization from Congress. Oversight of the agreement with Venezuela is already a crucial issue ahead of the partial elections. #venezuela #EEUU #petróleo #BNC #banco $CL $BZ
😁Historical growth: BNC leads banking in foreign-currency deposits and surpassed the system’s average profitability

BNC held its Ordinary Shareholders’ Meeting, where it presented its results for the first quarter, highlighting progress in the public’s deposit rankings.

📊Datanálisis | 65% of consumers used some type of financing in the last month, mainly installment payment apps

The study «Trends in Venezuelan Consumers 2026», carried out by the firm Datanálisis, reveals that in the last month 65% of Venezuelan consumers used some kind of financing, 88% of which was done through digital microcredit platforms such as installment payment apps.

Important. 🇻🇪 The Democrats are already laying the groundwork in the Senate in case they win the elections. Senators Wyden, Warren, and Whitehouse are demanding explanations from Bessent and Rubio about the billions of dollars in Venezuelan oil under U.S. control. They denounce a lack of transparency, ask where the money is, and warn about possible funds being handled without authorization from Congress. Oversight of the agreement with Venezuela is already a crucial issue ahead of the partial elections.

#venezuela #EEUU #petróleo #BNC #banco $CL $BZ
Article
Mercantil doubled its U.S. dollar credit portfolio over the past yearMercantil doubled its U.S. dollar credit portfolio over the past year Recently, Mercantil expanded the functionalities of its web platform with new tools to speed up its clients' digital operations. In August, Banco Mercantil recorded strong growth in its credit portfolio, with an increase of 104.4% in dollars over the last year that allowed it to move up to fourth place in the category ranking, according to figures from the consulting firm Aristimuño Herrera & Asociados.

Mercantil doubled its U.S. dollar credit portfolio over the past year

Mercantil doubled its U.S. dollar credit portfolio over the past year
Recently, Mercantil expanded the functionalities of its web platform with new tools to speed up its clients' digital operations.
In August, Banco Mercantil recorded strong growth in its credit portfolio, with an increase of 104.4% in dollars over the last year that allowed it to move up to fourth place in the category ranking, according to figures from the consulting firm Aristimuño Herrera & Asociados.
Article
Aristimuño: Increase in passive rates will generate an additional annualized cost close to US$800 million tobanking Economist César Aristimuño said that the goal of tighter monetary restriction is to strengthen the fight against inflation, which is why measures are taken to contain credit and deposits are remunerated. Economist César Aristimuño, general manager of the consulting firm Aristimuño Herrera & Asociados, said that the adjustment to passive interest rates established by the Central Bank of Venezuela (BCV), which now includes a minimum remuneration of 10% applicable to sight deposits, would imply an additional annualized cost for the banking sector estimated at nearly $800 million.

Aristimuño: Increase in passive rates will generate an additional annualized cost close to US$800 million to

banking
Economist César Aristimuño said that the goal of tighter monetary restriction is to strengthen the fight against inflation, which is why measures are taken to contain credit and deposits are remunerated.
Economist César Aristimuño, general manager of the consulting firm Aristimuño Herrera & Asociados, said that the adjustment to passive interest rates established by the Central Bank of Venezuela (BCV), which now includes a minimum remuneration of 10% applicable to sight deposits, would imply an additional annualized cost for the banking sector estimated at nearly $800 million.
🇻🇪Movimiento Unión y Cambio urges the BCV to respond to the letter it sent and to fulfill “its duty” to preserve the value of the bolívar September 15, 2026 In a letter addressed to the acting president of the Central Bank of Venezuela (BCV), Luis Pérez, and to the other members of the board, Movimiento Unión y Cambio reminds them that on August 31 it sent a letter in which it demanded that the issuing institution “fulfill its constitutional duty to preserve the value of the national currency, among other requirements.” #BCV #venezuela #Bolivares #banco #BANKCENTRAL $BTC
🇻🇪Movimiento Unión y Cambio urges the BCV to respond to the letter it sent and to fulfill “its duty” to preserve the value of the bolívar

September 15, 2026
In a letter addressed to the acting president of the Central Bank of Venezuela (BCV), Luis Pérez, and to the other members of the board, Movimiento Unión y Cambio reminds them that on August 31 it sent a letter in which it demanded that the issuing institution “fulfill its constitutional duty to preserve the value of the national currency, among other requirements.”

#BCV #venezuela #Bolivares #banco #BANKCENTRAL $BTC
Article
BCV differentiates by deposit terms for legal reserve requirements and strengthens penaltiesfor deficit The legal reserve requirement remains at 73%, but this proportion will be applied to the total amount of net on-demand and savings obligations, while it is reduced to 50% for net time obligations. The Central Bank of Venezuela (BCV) significantly increased costs for banks that incur a shortfall in the legal reserve requirement by establishing that the base annual interest rate for charging this eventuality will rise from 48.8 to 144 additional percentage points over the rate set by the issuer in its ordinary discount, rediscount, and advance operations.

BCV differentiates by deposit terms for legal reserve requirements and strengthens penalties

for deficit
The legal reserve requirement remains at 73%, but this proportion will be applied to the total amount of net on-demand and savings obligations, while it is reduced to 50% for net time obligations.
The Central Bank of Venezuela (BCV) significantly increased costs for banks that incur a shortfall in the legal reserve requirement by establishing that the base annual interest rate for charging this eventuality will rise from 48.8 to 144 additional percentage points over the rate set by the issuer in its ordinary discount, rediscount, and advance operations.
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