tasaspasivasvenezuela

The Banco del Tesoro moved the board of passive rates in Venezuela. The institution announced that its accounts in bolívares will begin to pay interest above the floor set by the Central Bank of Venezuela (BCV) in Extraordinary Official Gazette number 7.073, effective from September 15. In practice, the state entity decided not to stay at the regulatory minimum and offer a little more to anyone who maintains a balance in their accounts.
For PitbullChain, this is not a minor detail: every time the banking system increases the yield on bolívares, a classic debate opens up in the local market—should you leave the money sitting and earning interest in VES, or move it to USDT and protect yourself against devaluation? The answer, as is often the case in Venezuela, depends on the exchange rate you’re looking at.