The Central Bank of Venezuela endorsed the strategic agreement between Heeney Capital and the Venezuelan Mining Corporation, presenting it as part of the country’s productive diversification strategy and as a source of additional foreign currency income beyond oil. According to the bank, foreign exchange generated from minerals would help diversify external revenue sources, strengthen the balance of payments and increase the supply of foreign currency to meet import needs in other productive sectors. It added that it will continue coordinating with the national executive to ensure that the income generated is incorporated efficiently into the exchange and financial system.
Central Bank of Venezuela 2026-05-02
Central Bank of Venezuela backs Heeney Capital mining agreement and plans to channel mineral foreign exchange into the exchange system
The Central Bank of Venezuela endorsed the strategic agreement between Heeney Capital and the Venezuelan Mining Corporation as part of the country’s productive diversification strategy and a source of foreign currency income beyond oil. The bank said mineral-related foreign exchange should diversify external revenues, strengthen the balance of payments and increase foreign currency supply for imports, and it will coordinate with the national executive to ensure this income is efficiently incorporated into the exchange and financial system.