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Elías Matta: Devaluation and inflation destroy the purchasing power of Venezuelans #12 Aug

Elías Matta, an engineer and former deputy, asserts that Venezuela's bolivar devaluation and inflation, projected at 682% by the IMF, are severely eroding purchasing power.

The bolivar has devalued nearly 60% against the dollar in 2026, with a 15% jump in July.

BCV liquidity grew 90.6% in the first four months of the year, while oil production remains at 1.1 million barrels per day.

BCV sold USD 7.738 billion in the first half of 2026, a 72.11% increase from the same period in 2025.

Inflation for June is estimated between 18% and 20%, and the exchange rate gap has narrowed to 12-15%.

AI-assisted synthesis anchored to a real VeraVadis-analyzed source. Cleared by VeraVadis's automated editorial gates on 2026-08-13 — not reviewed by a human editor. Archive piece: published under our earlier method. It does not carry the per-claim evidence chain — who reported it first and who is echoing whom — that our current pieces carry. The source link and the date are the original ones.