Bolívar firms as oil inches higher; deposits build; inflation cools again
Oil output and receipts edged up as Orinoco reactivations expand. The bolívar strengthened at both official and parallel rates while bank deposits rose, and month-on-month inflation cooled for a third straight month. Air travel and industrial power demand improved, pointing to steadier activity.
By the numbers
Oil Production
916.01 kbd
1.20% m/m
Oil Export Revenue
USD 1,594.49 m
1.50% m/m
Official FX Rate
58.40 VES/USD
-1.13% m/m
Parallel FX Rate
72.10 VES/USD
-3.84% m/m
Bank System Deposits
USD 11.81 bn
1.99% m/m
Consumer Prices (MoM rate)
4.29%
-4.03% vs prior
Startup spotlight
Kaso
Launched SME treasury dashboard
Cashea
Raised Series A extension (USD 18m)
What to watch
- Mid-Aug 2026Secondary-sources oil output update; track impact of Orinoco reactivations
- Aug 2026BCV FX interventions and the official–parallel spread post band adjustment
- Late Aug 2026August CPI flash to gauge whether cooling trend persists
- Late Aug 2026Maiquetía passenger traffic run-rate after multi-year high
Reading list
- Oil output edges toward 1 million barrels — Reuters
- Banks report healthier deposit base — Analítica
- Inflation momentum cools for third month — Observatorio Venezolano
- Fintech credit lines expand for merchants — Bloomberg Línea
- Maiquetía passenger traffic hits multi-year high — El Nacional
- Non-oil exporters find Caribbean demand — Effecto Cocuyo