Get the latest news and expert advice on finance and investing in Venezuela. Learn how to make the most of your money and save for the future. We have tips and strategies to help you navigate turbulent market conditions.
Coral Gables has adopted Torrealba as a prominent figure in the community
Alirio Torrealba is a Venezuelan businessman who has become the leading developer of homes in Coral Gables. He started in the business world at the age of 19, selling and buying used cars in Venezuela.
The countries that benefit most are those that receive Venezuelan emigrants, who are more skilled than the local population.
More than seven million Venezuelans have left their country in the last eight years to escape the economic, political and social crisis. The vast majority of them, six million, have settled in other countries in the Latin American region, which for years have invested part of their budgets in welcoming the new arrivals.
This allows Venezuelans to access credit despite the country's currency crisis and access much-needed funds to help them rebuild their lives.
Venezuela's banks are now authorized to grant loans in bolivars based on 30% of foreign currency deposits. This allows Venezuelans to access credit despite the country's currency crisis and access much-needed funds to help them rebuild their lives.
The banking system in the United States of America is highly developed and sophisticated
Opening a bank account is the essential first step for migrants in the United States. Banks provide essential services like storing money, transferring funds and providing access to credit. It’s a secure way to keep track of your finances and protect yourself from fraud. Plus, it's the first step towards financial independence and stability.
Banking System closed with 1,518.6 million dollars deposited in foreign currency
The rise of dollar deposits in Venezuela is having a massive impact on the economy. The dollarization of deposits has skyrocketed by 400%, with many Venezuelans turning to the US dollar due to the country's financial instability.
The private sector is the one that exports mainly sea products such as shrimps, prawns and fresh fish
Venezuelan Exporters Association (AVEX) is a leading trade body in the country, forecasting $3 billion in operations by 2023. It provides a platform to promote Venezuelan exports and attract foreign investments. AVEX helps increase exports of goods and services, creating employment opportunities and boosting the economy.