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Majeed KSA
@majeed66224499
Article from May 4, 2026
Venezuela:
Venezuela’s prices are still rising extremely fast and the currency is still weak, but the government says the situation is improving slightly and they are trying to stabilize the economy and exchange rate with IMF cooperation.
The government says Venezuela’s inflation rate eased to 10.6% in April from 13.1% in March, “Our economy is healthy; it’s doing well,” the bank’s acting president, Luis Perez, said in an interview on state TV, in which he predicted single-digit inflation for May.
Venezuela admit they are going international and FOREX
Venezuela announced on May 13, 2026 that it will begin restructuring more than $150 billion in sovereign and PDVSA debt that has been in default since 2017, with Central Bank chief Luis Perez saying the move will bring the country back into the global financial system. Venezuela is rebuilding relations with the IMF, World Bank, and the United States after years of sanctions and diplomatic isolation, and a Venezuelan delegation is expected to meet IMF officials in Washington later in May.
The IMF could provide around $5 billion in unused Special Drawing Rights, while the U.S. has already issued licenses allowing Venezuela’s central bank to conduct certain international financial transactions and support restructuring efforts. Perez said Venezuela’s economy is expected to grow about 8% in 2026, inflation may fall to single digits, and the government hopes the restructuring will restore investor confidence and stabilize the economy.
Source(s):
• https://x.com/majeed66224499/status/2055304400596340820
• https://x.com/majeed66224499/status/2055306751956705329
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