Central Bank of Venezuela reports 8.4% inflation and updates exchange rates

The Central Bank of Venezuela (BCV) has reported a monthly inflation rate of 8.4% for September 2026, a slight decrease from the 8.9% recorded in August. The bank attributed this reduction to the normalization of external income flows and decreased exchange rate pressures, which have helped stabilize the currency and narrow the gap between official and black market rates.

Regarding foreign exchange, the BCV set the official exchange rate for October 6, with the US dollar priced at 872.39 bolívares, reflecting a minor increase from the previous day. The euro was established at 977.21 bolívares, a decrease from its previous rate. Other reference rates included the Chinese yuan at 130.13 bolívares, the Turkish lira at 17.74 bolívares, and the Russian ruble at 10.22 bolívares.

The official exchange rates are calculated based on the weighted average of daily operations from public and private banking exchange desks. Authorities maintain that using rates other than those published by the BCV for commercial transactions is subject to administrative and criminal sanctions.