Rodríguez Says Venezuela Exchange Rate Gap Fell to 12.3 Percent
Acting President Delcy Rodríguez said the Venezuela exchange rate gap fell to 12.3 percent and oil output exceeded 1.23 million barrels per day, the highest since February 2019. Independent trackers had shown wider gaps earlier in 2026. The post Rodríguez Says Venezuela Exchange Rate Gap Fell to 12.3 Percent appeared first on The Rio Times .
Acting President Delcy Rodríguez claimed that the gap between Venezuela's official and parallel exchange rates narrowed from around 30% to 12.3% over the past two months, on August 24, 2026. This reduction in the gap could help alleviate pressure on prices and wages in Venezuela, where many transactions are linked to the parallel rate.
Oil production in the country reached 1.23 million barrels per day, the highest level since February 2019, according to Rodríguez's statement on the same day. The president also announced that Venezuela had signed around 50 agreements for new investments across more than 76 productive hydrocarbon areas. Additionally, the government invited Colombian firms to produce inside Venezuela, with the aim of reducing the trade deficit and utilizing idle industrial capacity.
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