REGION D – SOUTH AMERICA

THE SINKING OF THE TITANIC

(April 14-15, 1912 – North Atlantic Ocean)

The Central Bank
of Venezuela

(Caracas, Venezuela)

ROTHSCHILD OWNED & CONTROLLED CENTRAL BANK

The Official Story

THE CENTRAL BANK OF VENEZUELA
(Caracas, Venezuela)

The Central Bank of Venezuela (BCV) is the central bank of Venezuela. It maintains a fixed exchange rate for the Venezuelan bolívar and since 1996 is the governing agent of the Venezuelan Clearing House System (including an automated clearing house).

Foreign reserves

Since its inception in the late 1930s, the BCV was given a clear mandate to control the monetary policy of the nation, centralizing the operations of a handful of private banks that used to mint the Venezuelan currency, the bolívar. For almost 50 years the BCV managed to sustain a remarkable strong currency, with inflation rates hovering on the 2-3% mark during that period. However, since the oil glut of the 1980s and the first serious devaluation of the currency in 1983 (known in Venezuela as Viernes Negro, or Black Friday) the bolívar has been plagued with chronic instability, mistrust and declining value that has been fed by the continued rise in inflation, topping an estimate for 2018 of one million per cent. Most of the foreign reserves are held as gold bars in Germany (almost 64%).

Source: Wikipedia