dolarvenezuela

## An agreement with many angles
Last week, Venezuela and the U.S. announced a large-scale oil deal that, according to sources, includes a Washington commitment to allocate 20% of the total production from the fields to its Strategic Petroleum Reserve. But on the street, in money tables, and in digital wallets, the news is read as a financial story: what does it mean for the bolívar, for the dollar, for USDT, and for the Venezuelan P2P market?
The deal, which is still being fine-tuned, would have a three-tier structure in which the Pentagon would acquire a passive 35% stake in the private company NABEP through low-cost warrants. While experts debate legality and operational viability, Venezuelans are already calculating the impact on their day-to-day lives.

📊 A ray of hope for the Venezuelan economy
News about foreign investment in Venezuela’s oil sector always raises alarms and expectations. This time, Colombian billionaire Jaime Gilinski is close to closing an agreement to operate the Bare field, located in the Orinoco Oil Belt, according to Bloomberg. For us, this is not just about barrels, but a sign that could directly affect what matters most to ordinary Venezuelans: the dollar and the flow of foreign currency into the country.

Buying USDT today costs you Bs. 1,071.68, and selling it gets you Bs. 1,030.23. That Bs. 41.46 gap is the toll almost nobody calculates before clicking. 🐾
Today, Monday, November 9, Venezuelan P2P trading opens with a 4.02% spread and a 19.17% premium over the BCV rate (Bs. 899.27). It sounds like a technical detail, but it’s the first thing you should check before moving a single digital bolívar.
THE NUMBER THAT REALLY MATTERS
The spread isn’t decoration: it’s your starting point. If you enter and exit the market with the same amount, you need the price to move more than 4.02% just to break even. That’s not a profit; it’s basic math that many people discover too late, after they’ve already confirmed the order.

The $USDT premium over the BCV rate fell to 18,53% this Sunday, November 8. Last week it was around 20,48%. Almost two points lower in seven days: this isn’t noise; the market is breathing differently.
🔎 TODAY’S NUMBERS
• BCV: Bs. 897,54
• Buy USDT: Bs. 1.063,86
• Sell USDT: Bs. 1.006,20
• Spread: Bs. 57,66 (5,73%)
• Active offers: 251
The first thing that stands out: that 5,73% spread is still above the 4,61% reported as the average in October. In plain English: trading across the market is more expensive than it was a month ago, even though the premium has eased. Those are two different things, and many people confuse them.

There’s a phrase that keeps coming up in the conference rooms of Cartagena, and translated into everyday Venezuelan terms, it means something very concrete: new money is flowing into the country. The 9th Oil and Gas Summit provided the stage for Colombian operators to say out loud what is already being felt along the border: capital, machinery, and skilled labor are moving to Venezuelan oil fields, with a domino effect that goes far beyond the drill bit.
For PitbullChain, the obvious question is simple: how does this movement of foreign currency translate into the P2P market, the dollar’s price, and the day-to-day operations of those buying and selling USDT in Venezuela?

Today, 96.56 bolívares separate the BCV rate from the P2P rate. That’s the number many people glance at but few understand. 📉
This morning, the official dollar rate stands at Bs. 896.12, while USDT is selling for Bs. 992.68 on the P2P market. In other words, the P2P market commands a 16.07% premium. It’s neither a whim nor a bubble; it’s a snapshot of demand continuing to outpace the official rate.
Now, beware the trap of looking only at that 16%. The same market has two sides:
🔹 Buy USDT: Bs. 1,040.15

Today, Saturday, October 31, on Binance, USDT is bought at Bs. 1,084.30 and sold at Bs. 983.24. The difference between those two prices is Bs. 101.07: a spread of 10.28%. That figure alone tells a more uncomfortable story than any headline.
Needing digital dollars is not the same as having them and wanting to cash out. Anyone buying $USDT on the P2P market pays a 21.89% premium over the BCV rate of Bs. 889.58. Sellers, by contrast, receive considerably less than that purchase price. The gap hasn’t disappeared: it has shifted, and today it’s being felt in the pockets of those trading.

The BCV opened at Bs. 888,12. Buying $USDT on the P2P market costs you Bs. 1.041,88. That 17,31% gap isn’t market noise: it’s the cost of entry.
🔍 TODAY’S NUMBERS
There are 182 active offers maintaining a spread of Bs. 67,16 between buying and selling, or 6,89%. In real-life terms: anyone who buys $USDT and immediately resells it in the same market loses that percentage simply by crossing the gap. It’s not a profit for anyone: it’s the cost of available liquidity.

The news landed like one of those signals the regional aviation market tends to send in dribs and drabs: Estuardo Ortiz, CEO of low-cost airline JetSmart, confirmed that Venezuela is on the company’s radar, though there is no timeline or route announcement yet. In remarks reported by industry media, Ortiz explained that the airline is closely monitoring the country’s efforts to restore air connectivity and that the Caribbean nation is part of its long-term roadmap.

📊 Oil is back in the spotlight, and the market is listening
SLB CEO Olivier Le Peuch made a remark that did not go unnoticed in Venezuelan financial circles: the company expects to more than double its revenue in Venezuela by 2026, and even sees the potential for more aggressive growth in 2027. For the Houston-based oilfield services giant, the country has gone from a passing mention in quarterly reports to taking center stage as an “especially important growth engine.”

P2P opened this Thursday with a number that leaves no one indifferent: Bs. 1,012.32 per $USDT if you buy, and Bs. 994.06 if you sell. 🐶
With the BCV at Bs. 884.75, the P2P premium stands at 14.42%. Quick translation: anyone holding bolivars and looking to dollarize today pays nearly 15% above the official rate. That is not a gain for anyone: it is the real cost of obtaining digital dollars in a market with tight liquidity.
📊 THE SPREAD OF THE DAY
Between the bid and the ask there is Bs. 18.26, equivalent to 1.84%. A moderate spread compared with previous sessions, but with one detail many overlook: a low spread does not mean the operation is good, it means there is more competition among sellers. And competition is not the same as availability.

📊 A 70-year-old bank setting the pace once again
Banco Exterior is no newcomer to Venezuela’s financial landscape. Founded in 1956 and open to the public since 1958, the institution, now controlled by Grupo Fierro, ended September 2026 with figures that stand out even in a banking system growing at double- and triple-digit rates. According to a report by consulting firm Aristimuño Herrera & Asociados, total assets reached Bs 74.194 billion, or about US$86.4 million at the closing exchange rate, representing a 555.6% increase in bolivars and a 36% increase in foreign currency compared with September last year.

📊 A market back on regional aviation’s radar
After years of suspended routes, the Latin American aviation sector is starting to talk about Venezuela in a different tone. The Latin American and Caribbean Air Transport Association (ALTA) confirmed that it is holding talks with the country’s authorities and sees Venezuela as a market with long-term potential, particularly because of its geographic location: at the center of the South American map and just a few hours’ flight from almost any capital on the continent. Peter Cerdá, the association’s president, summed it up at a press conference: there is potential and there are opportunities that have yet to be tapped.

📊 The figure that moves the board
The Venezuelan Association of Airlines (ALAV) published its frequency count, and the result paints two Venezuelas: while international supply grew 13.4% between May and September to 178 weekly flights, domestic supply plunged 32.5%, from 535 to 361 departures per week. The reason the trade group gives for the domestic drop is technical: fleet restrictions and operational contingencies.
The big numbers are well known: Bogotá leads with 22 weekly frequencies, Miami with 21, Madrid with 18 and Panama with 14. Turkey, with 6, remains the exotic route that never quite disappears. American Airlines and Copa are tied at the top with 14 each, and Madrid is the most contested route, with five airlines competing for the ticket.

📊 33% that won’t stay in Washington
The latest poll by Ipsos, The Washington Post and ABC News put U.S. President Donald Trump’s approval rating at just 33%, with 66% disapproving, including 52 points who strongly disapprove. It is his worst showing since he entered the White House, four points below July and 12 points lower than the 45% he posted in February 2025. Among likely voters, support stands at 38%, compared with 62% disapproval.