On February 4, 2022, the Central Bank of Venezuela (BCV) published Resolution No. 22-01-01, establishing the Rules Governing the Constitution of Reserve Requirements, which was duly published in Official Gazette No. 42,312 on that same date.

The most significant change in this Resolution is the reduction of the minimum reserve requirement that banking institutions must maintain, moving from 85% to 73%. This measure aims to boost the granting of credit and financing within the country.

Furthermore, the Resolution increases the annual interest rate on the unsold balance of buy-sell operations. This applies to banking institutions that, in accordance with current exchange regulations, fail to sell the total amount of foreign currency liquidated to them as a result of foreign exchange intervention. This annual interest rate increases from 25% to 32.2%.