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Venezuelans may be able to open international accounts
Banco de Venezuela (BDV) has signed a correspondent banking agreement with the U.S. fintech company Erebor Bank. This partnership will allow businesses and individuals to conduct foreign exchange transactions, transfers, and direct payments with the U.S. market.
According to commercial advisor Eleazar Colmenares, the agreement will be implemented in three phases: normalization, stabilization, and consolidation, over an estimated period of 6 to 12 months. Under this agreement, customers will be able to access funds in international accounts with active SWIFT codes, representing renewed access to the global financial system.
Access to these international accounts breaks down the previous limitations that restricted external payments, offering traditional tools for entrepreneurs, business owners, and citizens. Additionally, Colmenares highlighted that Venezuela currently ranks second in Latin America in cryptocurrency adoption, surpassed only by Brazil, reflecting the country’s economic resilience and the boom in its digital ecosystem.
Publication: 01.06.2026
for more information: www.rdnvenezuela.com
