Bolívar firms as oil inches higher; deposits build
Oil output edged up to 916 kbd and export receipts improved, supported by ongoing Orinoco well reactivations. The bolívar strengthened on both official and parallel markets while monthly inflation cooled again; bank deposits in USD terms expanded. Activity signals remain constructive across power demand and air travel.
By the numbers
Oil Production
916 kbd
+1.2% m/m
Oil Export Revenue
USD 1,594m
+1.5% m/m
Official FX Rate
58.40 VES/USD
-1.1% m/m
Parallel FX Rate
72.10 VES/USD
-3.8% m/m
Consumer Prices (MoM)
4.29% m/m
-0.18 pp
Bank System Deposits
USD 11.81bn
+2.0% m/m
Startup spotlight
Cashea
Raises USD 18m Series A extension.
Kaso
Launches SME treasury dashboard.
What to watch
- Mid-AugFollow-through on Orinoco Belt reactivations and secondary-source output prints as production edges toward 1 mbd.
- AugBCV intervention stance and official–parallel FX gap (58.4 vs 72.1) after recent bolívar firming.
- Early SepNext CPI read to confirm whether the disinflation trend persists beyond August’s 4.29% m/m.
- Aug–SepExecution of the new Caribbean agro-export contract and any lift to non-oil export values.
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