started · updated
Venezuela economy: US dollar rises 163.7% in 2026 amid GDP growth
The Central Bank of Venezuela (BCV) reported that the official exchange rate for the US dollar closed August at 794.99 bolívares, representing a 6% increase during the month. The dollar has seen a cumulative increase of 163.7% so far in 2026, resulting in a 62% depreciation of the bolívar. The euro also rose, closing August at 922.69 bolívares.
Despite currency volatility, the BCV reported that Venezuela's GDP grew by 7.14% in the second quarter of 2026 compared to the same period in 2025. This marks the 21st consecutive quarter of economic growth.
Inflation remains a significant concern, with accumulated inflation reaching 175.5% through July. The government, led by acting president Delcy Rodríguez, has recently re-established relations with the World Bank and the International Monetary Fund (IMF).
Entities
Banco Central de Bolivia · Banco Central de Venezuela · Banco Mundial · Christian Morales · David Espinoza · Delcy Rodríguez · Fondo Monetario Internacional · India · International Monetary Fund · Kpler Ltd. · Venezuela · World Bank
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] The bolívar lost 5.8% of its value against the US dollar in the official market during August. primeraedicioncol.com · laverdad.com · www.el-carabobeno.com · lanacionweb.com · lapatilla.com
- [● 5 SOURCES] The US dollar closed August 31 at 798.32 bolívares. reporteconfidencial.info · elinformadorve.com · loshechosempresariales.org · lanacionweb.com · meridiano.net
- [○ 1 SOURCE] Venezuelan crude oil exports reached 1.114 million barrels per day in August.
- [● 3 SOURCES] Venezuela's GDP increased by 7.14% during the second quarter of 2026 compared to the same period in 2025. reporteconfidencial.info · elinformadorve.com · meridiano.net
- [○ 1 SOURCE] The increase in Venezuelan oil exports was driven by shipments to Indian refineries, which more than doubled.
- [● 4 SOURCES] Venezuela's accumulated inflation reached 175.5% as of July. laverdad.com · www.el-carabobeno.com · lanacionweb.com · lapatilla.com
- [● 5 SOURCES] The euro closed at 926.55 bolívares. reporteconfidencial.info · elinformadorve.com · loshechosempresariales.org · lanacionweb.com · meridiano.net
- [● 5 SOURCES] The US dollar has increased by 163.7% in Venezuela so far in 2026. primeraedicioncol.com · laverdad.com · www.el-carabobeno.com · lanacionweb.com · lapatilla.com
- [● 2 SOURCES] The price of the dollar increased by 440% over the last year. nuevodia.com.ve
- [● 4 SOURCES] The euro was priced at 926.55 bolívares. reporteconfidencial.info · elinformadorve.com · lanacionweb.com · loshechosempresariales.org
- [● 5 SOURCES] The bolívar lost 5.8% of its value against the dollar in August. primeraedicioncol.com · laverdad.com · www.el-carabobeno.com · lanacionweb.com · lapatilla.com
- [● 2 SOURCES] Venezuela has recorded 21 consecutive quarters of economic growth. reporteconfidencial.info · elinformadorve.com