Venezuela's dollar inflow insufficient to curb bolívar devaluation, experts say

Economist Luis Vicente León, president of Datanálisis, warned that the recent increase in dollar supply will not stop the devaluation of the bolívar without fiscal discipline and coordinated economic policy. He noted that the banking sector moved about US$9 billion in foreign exchange from February to July 2026, roughly 68 % of the total sold in 2024, but emphasized that controlling public spending is the biggest challenge, especially given the reconstruction needs after the June 24 earthquakes.

Central Bank of Venezuela (BCV) has accelerated adjustment of the official exchange rate, narrowing the gap with the parallel market to about 14‑15 %, which Léon says reduces arbitrage incentives. The government is also considering new foreign‑currency financing lines for households and condominiums affected by the earthquakes, with the bolívar portion of such loans to be covered by official‑market dollar sales in order to avoid added monetary liquidity and inflation pressure.