Authorities of the Central Bank of Venezuela, the public and private banks, the Superintendency of the Institutions of the Banking Sector, the Ministry of People’s Power for Economy, Finance and Foreign Trade and the National Banking Association, held a meeting on the occasion of the next entry in force of the Digital Bolivar.
During the meeting, Calixto Ortega, president of the BCV, indicated that the measure that will rule from October 1, 2021, adjusts to the needs of users by taking amounts to a simple monetary scale, in addition to simplifying banking operations.
The Digital Bolivar will facilitate daily transactions, streamline commercial exchange, accounting processes, guarantee sovereignty and promote economic recovery.
The entities of the banking sector of the country will continue the adaptation of their systems and technological platforms, based on the new monetary expression. In the coming days, the BCV will hold technical meetings with the banks to make adjustments prior to the entry into force of the measure.
