Acting President Rodriguez highlights narrowing exchange-rate gap, and rising oil production.

On Thursday, Venezuelan Acting President Delcy Rodriguez participated in the opening of the 82nd Assembly of the Federation of Chambers and Associations of Commerce and Production of Venezuela (Fedecamaras).

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During the meeting, she highlighted progress in narrowing the exchange-rate gap, a factor that affected industrial, commercial, and manufacturing activities during the first half of the year.

Rodriguez informed that Venezuela’s projected gross domestic product growth for the third quarter of the year exceeds 6.5% as a result of the slowdown in the widening exchange-rate gap.

“After the earthquake, we are already seeing growth, we are seeing inflation slow down again after the earthquake, and we are seeing the exchange-rate gap narrow from 65.7% in January to 11.7% this month,” she told the country’s top business leaders.

Rodriguez attributed these results to coordinated efforts through the National Economic Council and proposed consolidating a sustainable development model based on distributive justice and the participation of agribusiness, entrepreneurs, and community-based economy.

#Venezuela | Oil production has rebounded to 1.218 million barrels per day, Acting President Delcy Rodríguez said, citing a recovery from disruptions linked to unilateral blockade measures.#Oil #Energy #teleSUREnglish pic.twitter.com/Lp52WVgUbu

— teleSUR English (@telesurenglish) October 8, 2026

Strengthening the Bolivar

Regarding the debate over the use of foreign currencies, Rodriguez reiterated her opposition to dollarization as a structural solution for the country.

“There are those who are raising their voices in favor of dollarization. You know my position, which I have held for years… dollarization is not what will solve Venezuela’s problem. Strengthening our national currency will,” she explained, stressing that “monetary sovereignty is essential for economic growth.”

Oil Production Continues to Rise

Rodriguez also highlighted that Venezuelan oil production has increased by 8% so far this year, thanks to 61 oil and gas agreements signed by her administration with international companies.

This expansion is also the result of progress achieved in dialogue with the United States, which has made it possible to unblock export routes and implement mutually beneficial production and financing arrangements.

The Venezuelan acting president emphasized that the macroeconomic impact of these policy measures will consolidate starting in 2027, when 320,000 jobs are expected to be created.

teleSUR/ JF

Source: Presidential Press

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