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Lack of credit an obstacle to reactivating Venezuela's automotive sector

By Carlos Seijas Meneses Caracas, Nov 30 (EFE).- Venezuela is looking to reactivate its automotive sector by assembling models of Iranian vehicles, but auto industry representatives say the plan is only viable if the government takes steps to facilitate greater consumer access to car loans. The president of the Chamber of Autoparts Manufacturers (Favenpa), Omar … ....

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Venezuela's bolivar given new makeover in bid to boost economy

Venezuela's bolivar given new makeover in bid to boost economy
laprensalatina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from laprensalatina.com Daily Mail and Mail on Sunday newspapers.

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Venezuela: Banking authority issues regulations for fintech services

Venezuela: Banking authority issues regulations for fintech services
globalcompliancenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcompliancenews.com Daily Mail and Mail on Sunday newspapers.

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Venezuela: Banking authority prohibits credit operations from using foreign currency without authorization from this institution and the Central Bank of Venezuela – Global Compliance News

Venezuela: Banking authority prohibits credit operations from using foreign currency without authorization from this institution and the Central Bank of Venezuela – Global Compliance News
globalcompliancenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcompliancenews.com Daily Mail and Mail on Sunday newspapers.

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Venezuela: Banking authority prohibits credit operations from using foreign currency without authorization from this institution and the Central Bank of Venezuela

Venezuela: Banking authority prohibits credit operations from using foreign currency without authorization.
Venezuela: Banking authority prohibits credit operations from using foreign currency without authorization from this institution and the Central Bank of Venezuela
On 21 January 2021, the Office of the National Superintendent for Banking Sector Institutions issued a notice that prohibits banking institutions from carrying out credit operations using foreign currency, without prior authorization from SUDEBAN and the Central Bank of Venezuela.
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In brief
On 21 January 2021, the Office of the National Superintendent for Banking Sector Institutions (SUDEBAN) issued a notice that prohibits banking institutions from carrying out credit operations using foreign currency, without prior authorization from SUDEBAN and the Central Bank of Venezuela (“BCV”) (“ ....

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