Bolívar slides; oil edges up as exports reach 1.2m bpd
A sharp VES move led both official and parallel FX rates to surge more than 10x, moving in tandem. Oil metrics improved marginally, with PDVSA restarting Petrocedeño (+40kbd) and new offtake deals lifting exports to 1.2m bpd. System deposits eased even as Banco de Venezuela reported 12% quarterly growth; MoM inflation quickened to 4.29%.
By the numbers
Official FX Rate
755.90 VES/USD
+1,179.7%
Parallel FX Rate
851.68 VES/USD
+1,081.3%
Oil Production
916.01 kbd
+1.20%
Consumer Prices (MoM)
4.29%
+12.9%
Bank System Deposits
11.81 USD bn
-4.76%
Air Passengers
460.21k
-5.11%
Startup spotlight
Cashea
Raises Series A extension ($18m).
Kaso
Launches SME treasury dashboard.
What to watch
- Late Aug 2026Petrocedeño ramp-up; assess if output gains hold in official production data.
- Aug–Sep 2026Execution of $42m Caribbean agro-export contract; first shipment timing.
- Aug 2026FX regime signals; track official–parallel spread stability after the surge.
- Early Sep 2026Next CPI read for August and any FX passthrough to prices.
Reading list
- PDVSA restarts Petrocedeño upgrader, adding 40kbd — Reuters
- Oil output edges toward 1 million barrels — Reuters
- PDVSA restarts Petrocedeño upgrader, adding 40kbd of extra-heavy crude capacity in the Orinoco Belt — Reuters
- Cashea closes $20M Series B to expand merchant credit in Venezuela — Bloomberg Línea
- Banks report healthier deposit base — Analítica
- Inflation momentum cools for third month — Observatorio Venezolano������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������ikoryu and Energy, Infrastructure, Mining, and Energy, Infrastructure, Mining, and Energy, Infrastructure, Mining, and Energy, Infrastructure, Mining, and Energy, Infrastructure, Mining, and Energy, Infrastructure, Mining, and Energy, Infrastructure, Mining, and Energy, Infrastructure, Mining, and Energy, Infrastructure, Mining, and Energy, Infrastructure, Mining, and Energy, Infrastructure, Mining, and Energy, Infrastructure, Mining, and Energy, Infrastructure, Mining, and Energy, Infrastructure, Mining, and Energy, Infrastructure, Mining, and Energy, Infrastructure, Mining, and Energy, 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