The Central Bank changed the credit rules in Venezuela... and you need to sharpen the numbers before renewing. ⚠️📉
What used to be a maximum interest rate of 16% indexed has now become a minimum rate. What does this mean in practice? Banks will no longer need to “disguise” the cost with exorbitant operating commissions in order to cover the legal reserve requirement: now the conditions will change and the financial cost will be made transparent.
#CREDI #BCV #banco #venezuela #finanzas $BTC $BR $AMZNB
What used to be a maximum interest rate of 16% indexed has now become a minimum rate. What does this mean in practice? Banks will no longer need to “disguise” the cost with exorbitant operating commissions in order to cover the legal reserve requirement: now the conditions will change and the financial cost will be made transparent.
#CREDI #BCV #banco #venezuela #finanzas $BTC $BR $AMZNB