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Saturday, October 24, 2026 · UTC
Finance

Venezuela's Official Dollar Rate Crosses 800 Bolivares

Venezuela's official dollar rate surpassed 800 bolivares, reaching 801.17 on September 2.

TruthFoundry News Desk
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Stands on 12 placed sources from 4 publishers.
As of 2026-09-03 12:42 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
The official dollar rate fixed by the Central Bank of Venezuela (BCV) crossed the 800 bolivares barrier on September 2, settling exactly at 801.17 bolivares per USD. [1] Marco Rubio, US Secretary of State, said on 2025-09-01 that he participated directly in negotiations of the oil agreement announced by the Trump administration, describing it as part of Venezuela's economic recovery and political transition. [2] Rubio said presidential elections in Venezuela should be held 'as soon as possible' but no date is set; conditions must first be created for legitimacy, including opposition space, press freedom, an accepted electoral council, voting guarantees, and international observers. [3] The agreement grants NABEP 100-year concessions for 17 oil fields with proven reserves of approximately 65 billion barrels of oil in Venezuela. [4] US Energy Secretary Chris Wright and Venezuelan Interim President Delcy Rodríguez met in Caracas on 2026-07-15 to defend the designation of NABEP as the key partner in a new energy agreement. [5] US Energy Secretary Chris Wright stated on 2026-04-12 that revenues from new oil production in Venezuela will not be used to pay debts to China. [6] Economists state that the operational cash flow and fresh foreign currency income from oil agreements will take time to mature and reach the BCV's coffers. [7] The pressure on the exchange rate responds largely to the limited level of foreign currency supply in BCV bank interventions compared to the demand for bolivares to cover public spending. [8] Rubio revealed that the US will be able to audit oil revenues through KPMG to prevent corruption and ensure funds reach the state and eventually a democratically elected government. [9] Rubio said Washington's goal is a transition to a democratically elected government with stable institutions, and warned that an election alone does not guarantee democracy, citing Nicaragua as an example. [10] Alejandro Betancourt, the principal shareholder of NABEP, is a 46-year-old Venezuelan businessman with a history of opac business dealings during the governments of Hugo Chávez and Nicolás Maduro. [11] Chinese Foreign Ministry spokesperson Guo Jiakun demanded on 2026-04-12 that China's rights and interests in Venezuela be respected legitimately. [12]
Proof12 sources · 4 publishers
What this stands on
  1. The official dollar rate fixed by the Central Bank of Venezuela (BCV) crossed the 800 bolivares barrier on September 2, settling exactly at 801.17 bolivares per USD. · Efecto Cocuyo
  2. Marco Rubio, US Secretary of State, said on 2025-09-01 that he participated directly in negotiations of the oil agreement announced by the Trump administration, describing it as part of Venezuela's economic recovery and political transition. · Runrun.es: En defensa de tus derechos humanos
  3. Rubio said presidential elections in Venezuela should be held 'as soon as possible' but no date is set; conditions must first be created for legitimacy, including opposition space, press freedom, an accepted electoral council, voting guarantees, and international observers. · Runrun.es: En defensa de tus derechos humanos
  4. The agreement grants NABEP 100-year concessions for 17 oil fields with proven reserves of approximately 65 billion barrels of oil in Venezuela. · Excélsior
  5. US Energy Secretary Chris Wright and Venezuelan Interim President Delcy Rodríguez met in Caracas on 2026-07-15 to defend the designation of NABEP as the key partner in a new energy agreement. · Excélsior
  6. US Energy Secretary Chris Wright stated on 2026-04-12 that revenues from new oil production in Venezuela will not be used to pay debts to China. · EL NACIONAL
  7. Economists state that the operational cash flow and fresh foreign currency income from oil agreements will take time to mature and reach the BCV's coffers. · Efecto Cocuyo
  8. The pressure on the exchange rate responds largely to the limited level of foreign currency supply in BCV bank interventions compared to the demand for bolivares to cover public spending. · Efecto Cocuyo
  9. Rubio revealed that the US will be able to audit oil revenues through KPMG to prevent corruption and ensure funds reach the state and eventually a democratically elected government. · Runrun.es: En defensa de tus derechos humanos
  10. Rubio said Washington's goal is a transition to a democratically elected government with stable institutions, and warned that an election alone does not guarantee democracy, citing Nicaragua as an example. · Runrun.es: En defensa de tus derechos humanos
  11. Alejandro Betancourt, the principal shareholder of NABEP, is a 46-year-old Venezuelan businessman with a history of opac business dealings during the governments of Hugo Chávez and Nicolás Maduro. · Excélsior
  12. Chinese Foreign Ministry spokesperson Guo Jiakun demanded on 2026-04-12 that China's rights and interests in Venezuela be respected legitimately. · EL NACIONAL
We could not place any of them by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.
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